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1) Calculate at least 2 measures of central tendency and at least 2 measures of variation for your Continuous Variable sample data.

16 / 01 / 2019 Statistics

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1)    Calculate at least 2 measures of central tendency and at least 2 measures of variation for your Continuous Variable sample data. Explain the results and meaning of these measures in your report. Include a summary of the data in your report using a graph or table. Use Excel for this task. 

2)    Explain what your Discrete Random Variable is and what probability distribution can be used to describe it. Give some examples and interpretation of the usage of the probability distribution function and outline its business relevance. 

3)    Either do 3.a or 3.b 

a.    Calculate and interpret a confidence interval estimate of the Continuous Random Variable. Choose an appropriate confidence level for your interval. 

b.    Set up and conduct a hypothesis test relevant to the continuous random variable. Choose an appropriate level of significance for your test. 

4)    Show how Regression techniques can be used to extrapolate or interpolate values for your dependent variable. 


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