Question: You will work independently on this assignment to do the following tasks: Tasks: 1- Descriptive Statistics: Calculate, for example, the mean, median, mode, range, standard
You will work independently on this assignment to do the following tasks: Tasks: 1- Descriptive Statistics: Calculate, for example, the mean, median, mode, range, standard deviation, etc of both the S&P data and Bitcoin data. Compare the measures of central tendency and variability between the two datasets. 2- By drawing a plot, showing the trend or pattern of S&P data and Bitcoin data over six years (for example, does it have an increasing or decreasing trend or pattern, that is whether it's going up, down, or staying relatively flat), for each dataset separately, and interpreting the findings. Additionally, create a plot that shows the correlation calculated every six months between the S&P data and Bitcoin data over six years. 3- Compute the correlation coefficient between S&P data and Bitcoin data to explore if there's any relationship between the two. Visualize the relation/correlation using scatter plots and interpret the findings. [Hint: A scatter plot visually represents this relationship. While
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
