This document provides instructions for a statistical analysis assignment involving analyzing and comparing data on fuel efficiency of vehicles and cost of chocolate bars. Students are asked to calculate measures of central tendency, dispersion, and outliers for two datasets - one on miles per gallon for SUVs and sedans, and another on cost per ounce of chocolate bars. They are also instructed to compare the results between vehicle types and draw conclusions about the cost of chocolate bars based on the statistical analysis.
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Fin3154 (Formative Task 3)
This document provides instructions for a statistical analysis assignment involving analyzing and comparing data on fuel efficiency of vehicles and cost of chocolate bars. Students are asked to calculate measures of central tendency, dispersion, and outliers for two datasets - one on miles per gallon for SUVs and sedans, and another on cost per ounce of chocolate bars. They are also instructed to compare the results between vehicle types and draw conclusions about the cost of chocolate bars based on the statistical analysis.
General Direction: Write all your answers in separate sheet of paper.
1. For each set of data: Compute the following:
a.) mean, median, and mode. b.) Compute the variance, standard deviation, range, coefficient of variation. c.) Compare the results of (a) through (b) to the miles per gallon of 2020 small SUVs from those 2020 family sedans. Data Set 1: The file contains the overall miles per gallon (MPG) of 2020 small SUVs:
Data Set 2: The file contains the overall miles per gallon (MPG) of 2020 family sedans:
2. The file contains the cost per ounce ($) for a sample of 14 dark chocolate bars:
a. Compute the mean, median, and mode.
b. Compute the variance, standard deviation, range, coefficient of variation. Are there any outliers? Explain. c. Based on the results of (a) through (b), what conclusions can you reach concerning the cost of dark chocolate bars?