Question

Collect a data set from research project of your choosing from the internet sites like the CDC data sets. Then do the following:

1) Identify data type
2) Collect data into an excel sheet
3) Calculate appropriate descriptive statistics
4) Graphically describe the data (either with a histogram or a box plot)
5) Draw conclusions from your data- describe it verbally

Answer 1

NBA Dataset

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Categorical Variables: Team Name, Team Code

Numerical Variables: Revenue ($mil), Current Value ($mil)

Descriptive Statistics

Selected Variable: Revenue ($mil)

A continuous variable is a variable whose value is obtained by measuring

Hence, our selected variable is a continuous variable

From the above Box-plot, we can conclude that there are 2 outliers in the dataset. Also, the mean Revenue is 160 ($mil).