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QNT 561 Week 1 Assignment Statistics Concepts and Descriptive Measures Instructions (Financial Data) 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® prior to the course start. Assignment Steps This assignment has an Excel dataset spreadsheet attached. Resource: Microsoft Excel, Statistics Concepts and Descriptive Measures Data Set Download the Statistics Concepts and Descriptive Measures Data Set. Choose: · Financial 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 Company Type Total Revenues AFLAC
6
7251
Albertson's
4
14690
Allstate
6
20106
Amerada Hess
7
8340
American General
6
3362
American Stores
4
19139
Amoco
7
36287
Arco Chemical
2
3995
Ashland
7
14319
Atlantic Richfield
7
19272
Bausch & Lomb
5
1916
Baxter International
5
6138
Bristol-Myers Squibb
5
16701
Burlington Coat
1
1777
Central Maine Power
3
954
Chevron
7
41950
CIGNA
6
14935
Cinergy
3
4353
Dayton Hudson
1
27757
Dillard's
1
6817
Dominion Resources
3
7678
Dow Chemical
2
20018
DPL
3
1356
E. I. DuPont DeNemours
2
46653
Eastman Chemical
2
4678
Edison International
3
9235
Engelhard
2
3631
Entergy
3
9562
Equitable
6
9666