Question

Third, the researcher wishes to use numerical descriptive measures to summarize the data on each of the two variables: hours worked per week and income earned per year.

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

Notes: Use QUARTILE.EXC command to generate the three quartiles.

Data for HOURSWORKED63 Excel spreadsheet is below:

Yearly Income ('000's)	Hours Per Week
43.8	18
44.5	13
44.8	18
46.0	25.5
41.4	11.6
43.3	18
43.6	16
46.2	27
46.8	27.5
48.2	30.5
49.3	24.5
53.8	32.5
53.9	25
54.2	23.5
50.5	30.5
51.2	27.5
51.5	28
52.6	26
52.8	25.5
52.9	26.5
49.5	33
49.8	15
50.3	27.5
54.3	36
55.1	27
55.3	34.5
61.7	39
62.3	37
63.4	31.5
63.7	37
55.5	24.5
55.6	28
55.7	19
58.2	38.5
58.3	37.5
58.4	18.5
59.2	32
59.3	35
59.4	36
60.5	39
56.7	24.5
57.8	26
63.8	38
64.2	44.2
55.8	34.5
56.2	34.5
64.3	40
64.5	41.5
64.7	34.5
66.1	42.3
72.3	34.5
73.2	28
74.2	38
68.5	31.5
69.7	36
71.2	37.5
66.3	22
66.5	33.5
66.7	37
74.6	43.5
62.0	20
57.3	35
55.3	24

Answer 1