Discuss the importance of the Measures of Center and the Measures of Variation.

Begin Phase 1 of your analysis by including the following information:

  1. Introduce your scenario and data set.
  • Provide a brief overview of the scenario you are given above and the data set that you will be analyzing.
  • Classify the variables in your data set.
    • Which variables are quantitative/qualitative?
    • Which variables are discrete/continuous?
    • Describe the level of measurement for each variable included in your data set.
  1. Discuss the importance of the Measures of Center and the Measures of Variation.
  • What are the measures of center and why are they important?
  • What are the measures of variation and why are they important?
  1. Calculate the measures of center and measures of variation. Interpret your results in context of the selected topic.
  • Mean
  • Median
  • Mode
  • Midrange
  • Range
  • Variance
  • Standard Deviation
  1. Conclusion
  • Recap your ideas by summarizing the information presented.
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