Question: Lab Insight: Apply the same steps in Lab 3.1 to the Alt Lab 3.1 Data.xlsx dataset. Required: Calculate summary statistics using Excel functions. Create visualizations

Lab Insight: Apply the same steps in Lab 3.1 to the Alt Lab 3.1 Data.xlsx dataset.

Required:

  1. Calculate summary statistics using Excel functions.
  2. Create visualizations showing the distribution of the sale transactions (box plot and histogram).

Data: Alt Lab 3.1 Data.xlsx

Analyze the Data: Refer to lab 3.1 in your text for additional instructions and steps.

1. Which statement most accurately describes the median and mean for this dataset?

2. How many items are in the first bin in the histogram (the one with the values from $21.99 to $191.99)?

3. What is the highest value in this dataset that is not an outlier? (Hint: Use the box plot and round to the nearest dollar.)

4. What is the minimum value in this dataset? (round to 2 decimal places.)

5. How many bins have only one value in them?

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