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USING MICROSOFT EXCEL PROGRAM
Once you have built the Excel tables, with all the changes in different tables,and answered all the questions you have to sen
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Answer #1

Calculating the metrics in Excel:

1) Sample mean = Sum of data / No. of data points = 1539

2) Sample variance = Var(Xi) = 917030

3) Max = 3469, Min = 450

=> Range = Max - Min = 3019

4) Normal probability can be made in Excel using the following steps:

a) Sort the data in ascending order

b) Number the sorted data from 1 to n (n= sample size)

c) Calculate the cumulative probability for each data point, where cumulative probability = (i - 0.5)/n. Note that 450 appears twice in the sample.

d) Calculate the Z-score for each cum. probability value using NORMSINV() function

We get the following table:

Data Sorted Index Cum. Prob. Z-score
450 450 1 0.01851852 -2.08535557
450 450 2 0.05555556 -1.59321882
473 452 3 0.09259259 -1.32495769
507 453 4 0.12962963 -1.12814365
457 457 5 0.16666667 -0.96742157
452 473 6 0.2037037 -0.82846465
453 507 7 0.24074074 -0.70392179
1215 1066 8 0.27777778 -0.5894558
1256 1085 9 0.31481481 -0.48224821
1145 1111 10 0.35185185 -0.38032564
1085 1145 11 0.38888889 -0.28221615
1066 1215 12 0.42592593 -0.18675612
1111 1254 13 0.46296296 -0.09297185
1364 1256 14 0.5 0
1254 1364 15 0.53703704 0.09297185
1396 1396 16 0.57407407 0.18675612
1575 1575 17 0.61111111 0.28221615
1617 1617 18 0.64814815 0.38032564
1733 1733 19 0.68518519 0.48224821
2753 1911 20 0.72222222 0.5894558
3186 2588 21 0.75925926 0.70392179
3227 2635 22 0.7962963 0.82846465
3469 2725 23 0.83333333 0.96742157
1911 2753 24 0.87037037 1.12814365
2588 3186 25 0.90740741 1.32495769
2635 3227 26 0.94444444 1.59321882
2725 3469 27 0.98148148 2.08535557

Now, plotting the sorted data vs the Z-scores we get the following Normal Probability Plot:

Normal Probability Plot 2.5 2 1.5 1 0.5 0 500 100 1500 2000 2500 3000 3500 4000 N-0.5 1 -1.5 -2 -2.5 Sorted Data o n

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