PART B: DESCRIPTIVE STATISTICS (35 points)
Note: Please round your results to 2 decimals. When the 3rd decimal is 5 or more, round up; otherwise, round down. For example: 0.398 rounded to 0.40; 0.3923 is rounded to 0.39.
For two of the below problems, COMPUTE ALL DESCRIPTIVE STATISTICS (WITHOUT using Excel's tool "descriptive statistics"): mean, median, mode, quartiles, range, inter-quartile range, variance, standard deviation, coefficient of variation. An example of a solution is given in problem 1 solution. Remember two important things about typing in Excel: (1) to start typing, just click on the desired cell; (2) if what you type starts with "=", it tells Excel to compute something instead of just displaying a value. When you want to enter a formula, type "=" first. If you use an Excel function, don't type "=", just click on the cell and then choose the Excel function from the list of functions.
For the rest of the problems, COMPUTE ALL DESCRIPTIVE STATISTICS using the tool of your choice. If you use the Excel tool "descriptive statistics," be sure to complete your solution by giving the missing descriptive statistics (inter-quartiles, coefficient of variation). Double-check the mode value(s): The Excel tool gives only one mode value even if the set is multimode. Show the Excel output.
For only one of the problems (of your choice), convert the data to Z-scores.