Assignment 2: Using Descriptive Statistics
In the news, we are constantly bombarded by statistics such as unemployment rates, stock market swings, or changes in the housing market. A vast majority of the statistical information presented to us is in the form of descriptive statistics. In descriptive statistics, a sample is taken, and values such as mean, median, mode, standard deviation, and variance are determined. These values are used to compare to other samples or are used as a measure of the current state of a population. The use of descriptive statistics is a common practice in the decision-making process in many professional fields.
In this assignment, you will use descriptive statistics to make an informed decision—in this case, to decide whether you are going to purchase a new car. Consider the following scenario:
This spreadsheet consists of several tabs:
For this assignment, submit a summary of your responses to the questions above in a 1–3-page Word document. Apply APA standards to citation of sources. Name your Word document as follows: LastnameFirstInitial_M2_A2.doc. Submit it to the M2: Assignment 2 Dropbox by Wednesday, March 4, 2015.
Grading Criteria and Rubric
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