Introduction
Statistical analysis is an important tool in today’s business environment. The ability for businesses to use this information allows them to look deeper into business situations and gain a better understanding of what the numbers really mean. Conducting tests on probabilities and examining the averages and percentiles can prove important when making tactical decisions. For this paper, we are reviewing a study regarding the status of employment in the Riverside, California area. We have been provided with data such as age and the length of time employees have held their positions. We will address these questions and, at the end of the paper, discuss the conclusions as well as how this information may be used.
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Based on the data, use descriptive statistics to summarize data
The data provided to use in this case is included in Table 1. This data represents the age and number of weeks employed of the Riverside employees.
Table 1
Age Weeks Employed Age Weeks Employed
55 21 25 6
30 18 40 21
23 11 25 13
52 36 25 11
41 19 59 34
25 12 49 27
42 7 33 18
45 25 35 20
In order to have a better picture of this data the informa ...