Question
Which measure of centre and variability will be the best to use for the household spending on gambling by the gambling households? Why? Descriptive measures
Which measure of centre and variability will be the best to use for the household spending on gambling by the gambling households? Why?
| Descriptive measures | |
| Mean | 162.07 |
| Standard Error | 16.81 |
| Median | 60.00 |
| Mode | 20.00 |
| Standard Deviation | 485.20 |
| Sample Variance | 235417.27 |
| Kurtosis | 146.14 |
| Skewness | 11.19 |
| Range | 7219.00 |
| Minimum | 1.00 |
| Maximum | 7220.00 |
| Sum | 135007.00 |
| Count | 833.00 |
Q1- 25.00
Q2- 150.00
IQR- Q3-Q1 = 150.00 - 25.00 = 125.00
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Understanding Analysis
Authors: Stephen Abbott
1st Edition
6610189684, 9786610189687
