Mileage Price 60000 Mean 12859.3 Mean Standard Error3829.684 Standard Median Mod
ID: 3320039 • Letter: M
Question
Mileage Price 60000 Mean 12859.3 Mean Standard Error3829.684 Standard Median Mode Standard Deviation 234.8739 12695 Error 57755 #N/A Median Mode Standard 12695 1286.457 20976.04 Deviation Sample Variance 4.4E+08 Sample Variance1654973 0.87289 Kurtosis 0.099743 Skewness 79076 Range Kurtosis Skewness Range Minimum Maximum Sum Count First Quartile Third Quartile 0.068158 0.561238 5239 10760 15999 385779 30 11997.25 13598 18126 Minimum 97202 Maximum 1800000 Sum 30 Count 43072.5 First Quartile 79410.5 Third QuartileExplanation / Answer
Mean indicates simple average of the values in a dataset.
Standard error is error in estimating population mean using
sample mean i.e. standard error is the standard deviation of
the sample mean.
Median is the middle most observation of the dataset i.e.
below which 50% observations lie and above which also 50%
observations lie.
Mode is the most frequent value of the dataset.
Standard deviation and variance measures the dispersion of
the dataset from sample mean. Standard deviation is square
root of variance.
Kurtosis is used to examine the tail part of a distribution of
the given date set.
Skewness is used to measure the asymmetry of the
distribution of the given date.
Range is the difference between maximum and minimum
value in a dataset.
Minimum is the minimum value and maximum is the
maximum value in a dataset.
Sum is the total of all observations in the dataset.
Count is the total number of observations in the dataset.
First Quartile is that observed value below which 25%
observations lie.
3rd Quartile is that observed value below which 75%
observations lie.