Question: Review the Wk 2 ~ Apply; Statistical Report assignment. In preparation for writing your report to senior management next week, conduct the following descriptive statistics


Review the Wk 2 ~ Apply; Statistical Report assignment. In preparation for writing your report to senior management next week, conduct the following descriptive statistics analyses with Microsoft Excel. Answer the questions below in your Microsoft Excel sheet or in a separate Microsoft Word document: - Insert a new column in the database that corresponds to \"Annual Sales." Annual Sales is the result of mUltiplyin g a restaurant's \"Sq Ft." by "Sales/SqFt." . - Calculate the mean, standard deviation, skew, 5-nurnber summary, and interquartile range (lQR) for each of the variables. - Create a box-plot for the "Annual Sales\" variable. Does it look symmetric? Would you prefer the lQR instead of the standard deviation to describe this variable's dispersion? Why? - Create a histogram for the \"Sales/SqFt" variable. Is the distribution symmetric? if not, what is the skew? Are there any outliers? If so, which one(s)? What is the "SqFt" area of the outlier(s)? is the outlier(s) smaller or larger than the average restaurant in the database? What can you conclude from this observation? - What measure of central tendency is more appropriate to describe \"Sales/SqFt"? Why?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
