(Solution) Math 399N Week 1: Descriptive Statistics

If you were given a large data set (i.e., sales over the last year of our top 100 customers), what might you be able to do with these data? What might be the benefits of describing the data?


If I were given a large data set there are many things that I would be able to do with this data. For example, I could use the mean number and determine the average number of sales that are being made and from there I could use that information to find the variance of the data which is useful in determining how far we have strayed away from our average and could help us find a solution to getting back on track of our sales. It is essential for a company to keep track of sales in order to form new ideas on how to boost sales and make more profit which is the end goal.

Another thing that we could do with this data is to classify it using the four levels of….Please click the Paypal icon below to purchase full solution for only $5