on Ghanih only option. Correlation Appendia 2 Descriptive Statistics Using Excel

Question

on Ghanih only option. Correlation Appendia 2 Descriptive Statistics Using Excel chapter We show Excel can used generate the descriptive in singk be can be used nerale several measures of location and variability for a variable and lo generate the covariance and correlation coefficient as measures of associa tion between two variables. Using Excel Functions variance, and Excel provides functions for computing the mean, median, mode, sample the sample standard deviation. We illustrate the use of these Excel functions by computing DATA standard deviation for the starting al *12saas in mean, median, mode, sample variance, and sample data ar ary data in Table 3.1. Refer to Figure 16 as we describe the steps involved. The entered in column B. FIGURE 3.16 USING EXCEL FUNCTIONS FOR coMPUTING THE MEAN MEDIAN, MoDE, vARIANCE AND STANDARD DEVIATION 1 Graduate Starting Sala B13) "MODE SNGI (B2:B13) Standard Deviation S032 B13) STDEV B2B13) raduate Starting Salar Media Mode Variance Standard Deviation 3755

Explanation / Answer

Once you perform all the operations, you would get following output -

Starting Salary Mean 3940 Standard Error 47.81989569 Median 3905 Mode 3880 Standard Deviation 165.6529779 Sample Variance 27440.90909 Kurtosis 1.718883645 Skewness 1.091108688 Range 615 Minimum 3710 Maximum 4325 Sum 47280 Count 12

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