What is it: Basic Statistics is used to determine the following statistical properties:

1. Measures of Central Tendency - Describes the center point of our data set with a single value.
2. Measures of Dispersion - Describes how far individual data values have strayed from the mean.
3. Higher Moments - Is a measure of the "peakedness" of the probability distribution of a real-valued random variable.
4. Percentile and Percentile Rank Calculations - Measures of the relative position of the data values from dividing the data set into 100 equal segment.
5. Quartiles - Measures the relative position of the data values to describe something of interest.
6. Chebyshev's Theorem Observation - The proportion of values from a data set that will fall within k standard deviations of the mean will be at least 1 - 1/k2, where k is any number greater than 1.
7. Other Statistics (Sum, Size, Maximum, Minimum)

Why use it: Basic Statistics is a set of concepts, rules, and procedures that help us to organize numerical information in the form of tables, graphs, and charts to make well informed decisions.

How to use it: Simply insert the data into the grey columns of the template and series of 7 statistical tests will than be completed for immediate analysis.

Contents of template package: 1 * Basic Statistics Template with completed example (Microsoft Excel). The Template includes the following tests:

1. Measures of Central Tendency
2. Measures of Dispersion
3. Higher Moments
4. Percentile and Percentile Rank Calculations
5. Quartiles
6. Chebyshev's Theorem Observation
7. Other Statistics (Sum, Size, Maximum, Minimum)

 Name Format Preview (Click to enlarge) Basic Statistics Template Microsoft ExcelFormat Basic Statistics Completed Example Microsoft ExcelFormat
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