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Third, the researcher wishes to use numerical descriptive measures to summarize the data on each of...

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Statistics

Third, the researcher wishes to use numerical descriptivemeasures to summarize the data on each of the two variables: hoursworked per week and income earned per year.

(a) Prepare and display a numerical summary report for each ofthe two variables including summary measures such as mean, median,range, variance, standard deviation, smallest and largest valuesand the three quartiles.

Notes: Use QUARTILE.EXC command to generate the threequartiles.

Data for HOURSWORKED63 Excel spreadsheet is below:

Yearly Income ('000's)Hours Per Week
43.818
44.513
44.818
46.025.5
41.411.6
43.318
43.616
46.227
46.827.5
48.230.5
49.324.5
53.832.5
53.925
54.223.5
50.530.5
51.227.5
51.528
52.626
52.825.5
52.926.5
49.533
49.815
50.327.5
54.336
55.127
55.334.5
61.739
62.337
63.431.5
63.737
55.524.5
55.628
55.719
58.238.5
58.337.5
58.418.5
59.232
59.335
59.436
60.539
56.724.5
57.826
63.838
64.244.2
55.834.5
56.234.5
64.340
64.541.5
64.734.5
66.142.3
72.334.5
73.228
74.238
68.531.5
69.736
71.237.5
66.322
66.533.5
66.737
74.643.5
62.020
57.335
55.324

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