{"id":9711,"date":"2021-07-02T17:16:13","date_gmt":"2021-07-02T17:16:13","guid":{"rendered":"https:\/\/papersspot.com\/blog\/2021\/07\/02\/dat-565-data-analysis-and-business-analytics-wk-1-apply-statistics-analysis\/"},"modified":"2021-07-02T17:16:13","modified_gmt":"2021-07-02T17:16:13","slug":"dat-565-data-analysis-and-business-analytics-wk-1-apply-statistics-analysis","status":"publish","type":"post","link":"https:\/\/papersspot.com\/blog\/2021\/07\/02\/dat-565-data-analysis-and-business-analytics-wk-1-apply-statistics-analysis\/","title":{"rendered":"DAT\/565: Data Analysis And Business Analytics Wk 1 &#8211; Apply: Statistics Analysis"},"content":{"rendered":"<p>In preparation for writing your report to senior management next week, conduct the following descriptive statistics analyses with Microsoft\u00ae Excel\u00ae. Answer the questions below in your Microsoft\u00ae Excel\u00ae sheet or in a separate Microsoft\u00ae Word document:Insert a new column in the database that corresponds to \u201cAnnual Sales.\u201d Annual Sales is the result of multiplying a restaurant\u2019s \u201cSqFt.\u201d by \u201cSales\/SqFt.\u201d <br \/>Calculate the mean, standard deviation, skew, 5-number summary, and interquartile range (IQR) for each of the variables. <br \/>Create a box-plot for the \u201cAnnual Sales\u201d variable. Does it look symmetric? Would you prefer the IQR instead of the standard deviation to describe this variable\u2019s dispersion? Why? <br \/>Create a histogram for the \u201cSales\/SqFt\u201d variable. Is the distribution symmetric? If not, what is the skew? Are there any outliers? If so, which one(s)? What is the \u201cSqFt\u201d 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? <br \/>What measure of central tendency is more appropriate to describe \u201cSales\/SqFt\u201d? Why? <br \/>Submit your assignment. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In preparation for writing your report to senior management next week, conduct the following descriptive statistics analyses with Microsoft\u00ae Excel\u00ae. Answer the questions below in your Microsoft\u00ae Excel\u00ae sheet or in a separate Microsoft\u00ae Word document:Insert a new column in the database that corresponds to \u201cAnnual Sales.\u201d Annual Sales is the result of multiplying a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15],"class_list":["post-9711","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-business"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/9711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=9711"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/9711\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=9711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=9711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=9711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}