Prepare a business memo (no more than 1 pages long) that addresses the observations listed below.

Prepare a business memo (no more than 1 ½ pages long) that addresses the observations listed below. Write your memo as though you are writing to a small group of supervisors at your company who probably had a statistics class when they were undergraduates but who probably did not retain much from the course (that is, dumb your memo down so that you are ‘teaching’ them something about statistics).

1. Discuss the logic used in determining the type of data you classified #1H (the GPA of May 2021 UofL graduates earning a bachelor degree) and why knowing what type of data you are dealing with may be important. Provide your own example of how someone might misuse a GPA if they do not know what type of data they are dealing with.
2. Discuss the pitfalls that one faces when summarizing data using measures of central tendency and provide your own example of the potential misuse of such measures.

Discuss the pitfalls that one faces when using an ‘average’ and not also qualifying that calculation with information about the data set’s variability. Explain why the ‘standard deviation’ is generally preferred over

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