Question

We have these two datasets from a sample with 5 observations (n = 5)

 We have these two datasets from a sample with 5 observations (n = 5): 

Monthly check fee at a bank ($): 20, 22, 15, 30, 26 Monthly service fee at a bank ($): 12, 0, 5, 7, 10 Calculate the following for each dataset (if you use Excel, be sure to explain the formulas):

 a) Measures of Central Tendency: Mean, Median, Mode

 b) Measures of Dispersion: Range, Standard Deviation, and Coefficient of Variation (CV)

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The excel formulae and their values for both datasets are shown below:

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