Grouped Descriptive Statistics
It was suggested to the retailer that the 130 transaction values could also be summarised in a grouped table
a. Using the three table templates provided in the Excel data file as a starting point, construct three tables in
Excel.
The first table should show the frequencies and percentage frequencies.
The second table should show the ‘less than’ cumulative frequencies and cumulative percentage
frequencies.
Complete the third table to estimate the mean and standard deviation. You need to copy the
Excel output into your Word document.
b. Compare the grouped data mean and standard deviation values to the ungrouped data mean and standard deviation under task 1.
Why are the values different and which findings are more accurate; the ungrouped or grouped
statistics? Justify your answer.
c. With reference to fig. 1 below, comment on the estimated minimum amount a consumer needs to
spend on a stand mixer to belong to the top 25% in terms of expenditure.
