MBA Fundamentals Statistics

"State "Expenditure Per student "NJ "12428 .71 "Expenditure Per student "NY "12087 .1 "CT "11530 .57 "Mean "8191 .5344 "AK "10395 .065 "Standard Error "216 .7391 "DE "10242 .85 "Median "8037 .35 "VT "9791 .73 "Mode "MA "9758 .17 "Standard Deviation "1529 .006 "MI "9706 .445 "Sample Variance "2340456 "RI "9604 .365 "Kurtosis "0 .235442 "PA "9436 .55 "Skewness "0 .5031074 "WI "9343 .265 "Range "6857 .41 "MD "9248 .83 "Minimum "5571 .305 "MN "9138 .28 "Maximum "12428 .71 "ME "9004 .43 "Sum "409576 .72 "IL "8989 .23 "Count "50 "OH "8732 .325 "Confidence Level (95 .0 "434 .0192 "WY

"8608 .025 "IN "8544 .665 "OR "8328 .51 "The average expenditure per student is about 8 ,191 .53 with half of the expenditure per student is greater than 8 ,037 .35 . The standard deviation of the expenditure per student is about 1 ,529 .86 . The range of the expenditure per student is 6 ,857 .41 with 5 ,571 .30 being minimum and 12 ,428 .71 being maximum expenditure per student . The 95 confidence interval for the average expenditure per student is 8 ,191 .53 - 434 .78 . Since , the mean and median value of the expenditure per student is approximately equal , therefore the distribution is approximately normally distributed . This is also confirmed by the value of coefficient of skewness that is equal to 0 .77 (less than 1 "VA "8298 .51 "CA "8167 .405 "WV "8162 .725 "NE "8157 .35 "NH "8107 .085 "GA "8086 .15 "SC "7988 .55...