Case Number Age Weight

Case 1 25 64
Case 2 20 75
Case 3 25 61
Case 4 29 74
Case 5 28 75
Case 6 31 64
Case 7 38 74
Case 8 36 75
Case 9 40 79
Case 10 20 75
Case 11 33 79
Case 12 32 68
Case 13 29 65
Case 14 34 69
Case 15 24 63

General Aspects
Maximum 40 79
Minimum 20 61
Count (N) 15 15
Total 444 1060

Measures of Central Tendency Questions for Answering

Arithmetic Mean 29.600 70.667 1. What are Geometric Mean (GM) and Harmonic Mean (HM) ? When should we use GM or HM?
Geometric Mean 28.995 70.418 2. Find out what is the usefulness of trimmed mean in data analysis
Harmonic Mean 28.373 70.167 3. Be careful while using Mode. Excel cannot display dual modes. Age has two modes 25 and 29 [Check Carefully]
Trimmed Mean (10%) 29.600 70.667 4. Change the values 25 and 29 in the Age variable so that there is no mode. How does Excel report it?
Median 29.000 74.000
Mode 20.000 75.000

Measures of Dispersion Questions for Answering

Range 20 18 1. What is Mean Absolute Deviation (MAD)?
MAD 4.907 5.422 2. What is the difference between Population Variance and Sample Variance?
Variance (Pop) 34.640 34.622 3. While conducting live research on a finite set of data which one is better - Population Variance or Sample Variance
Variance (Sam) 37.114 37.095 4. Explain why Population Variance is less than Sample Variance Sample? Is it always true? When will both be equal?
S. Dev (Pop) 5.886 5.884 5. Using a calculator check that (s.d)^2 = var and that this relation is valid for both population or sample
S. Dev (Sam) 6.092 6.091

Measure of Shape Questions for Answering

Skewness -0.009 -0.217 1. What is meant by Skewness and Kurtosis?
Kurtosis -0.756 -1.491 2. Interpret the results?

Measures of Correlation Questions for Answering

Covariance 11.8 - 1. Explain why have I not calculated the covariance and correlation in the C column?
Correlation 0.341 - 2. Check whether we need to divide the Covariance by population s.d. or sample s.d. to arrive at the correct correlation?

Measures of OLS Regression (A) (B) Questions for Answering

Intercept (a) 60.584 5.515 1. Explain why do I have different intecepts and slopes?
Slope (b) 0.3406 0.341 2. Write the equation of (i) Age on Weight and of (ii) Weight on Age?
3. What is meant by OLS?
Measures of OLS Regression

Excel provides another extremely powerful formula LINEST for calculating the Regression Equation
The formula LINEST is an array formula and has four parameters which are as follows:

Parameter Meaning
Known Y's Range of Y Value(s)
Known X's Range of X Value
Intercept True or False
Stats True or False

Steps:
1. Enter the formula in any cell as follows: =LINEST(C2:C16,B2:B16,TRUE,TRUE)
2. The formula will return a single value: 0.34
3. Keeping the value returned in step 2 in the top-left corner, select 2 columns and 5 rows
4. Press F2
5. Press CTRL+SHIFT+ENTER
6. The highlighted cells will be populated with some values which are interpreted as follows:
0.341 60.584 Slope Constant
0.261 7.867 se (slope) se (constant)
0.116 5.942 r-square se (y estimates)
1.708 13.000 f value degrees of freedom
60.294 459.039 reg-ss resid-ss
Questions for Answering
1. Find out the meaning of the terms which are not familiar to you?
2. The above is the regression equation of Weight on Age. Try to do the same for Age on Weight