Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The U.S. Department of the Interior releases figures on mineral production. The following are the 15 leading states in nonfuel mineral production in the United

The U.S. Department of the Interior releases figures on mineral production. The following are the 15 leading states in nonfuel mineral production in the United States in 2008. State Value ($billions) Arizona 8.95 Nevada 6.48 Florida 4.2 Utah 4.17 California 4 Texas 3.8 Minnesota 3.72 Alaska 2.98 Unit 1 [GB513: Business Analytics] 2 of 3 Missouri 2.58 Colorado 2.45 Michigan 2.96 Wyoming 2.37 Georgia 2.05 New Mexico 1.81 Pennsylvania 1.68 a) Using the appropriate tool in the data analysis toolpak in Excel, calculate the descriptive statistics. Include the summary statistics table in your report. b) Briefly define the meaning of each of the metrics in the summary report you get. c) Comment on all of the figures in the report. What do you learn from these metrics? What are they telling you about this data set? Is it symmetrical, flat, or skewed? Does it have outliers?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Discrete Mathematics and Its Applications

Authors: Kenneth H. Rosen

7th edition

0073383090, 978-0073383095

More Books

Students also viewed these Mathematics questions