# Descriptive-Statistics-and-Managerial-Decision-Making-business-and-finance-homework-help

**Purpose of Assignment**** **

The purpose of this assignment to orient students to the key concepts in statistics. This assignment will introduce students to the language of statistics. Students will also get a chance to warm-up on evaluating some basic descriptive statistics using Excel^{Â®} prior to the course start.** **

**Assignment Steps**

This assignment has an Excel^{Â®} dataset spreadsheet attached. You will be required to only do one of the three datasets.

**Resource:** Microsoft Excel^{Â®}, Statistics Concepts and Descriptive Measures Data Set

**Download** the Statistics Concepts and Descriptive Measures Data Set.

**Choose** one of the following datasets to complete this assignment:

- Consumer Food
- Financial
- Hospital

**Answer** each of the following in a total of 90 words:

- For each column, identify whether the data is qualitative or quantitative.
- Identify the level of measurement for the data in each column.
- For each column containing quantitative data:
- Evaluate the mean and median
- Interpret the mean and median in plain non-technical terms
- Use the Excel =AVERAGE function to find the mean
- Use the Excel =MEDIAN function to find the median

- For each column containing quantitative data:
- Evaluate the standard deviation and range
- Interpret the standard deviation and range in plain non-technical terms
- Use the Excel =STDEV.S function to find the standard deviation
- For range (maximum value minus the minimum value), find the maximum value using the Excel =MAX function and find the minimum value using the Excel’s =MIN function