Use the Descriptive Statistics tool to summarize the percent gross profit for the sales data provided.Find the descriptive statistics for the percent gross profit.(Type integers or decimals rounded to two decimal places as needed.)Meanenter your response here %Standard Errorenter your response here %Medianenter your response here %Modeenter your response here %Standard Deviationenter your response here %Sample Varianceenter your response here Kurtosisenter your response here Skewnessenter your response here Rangeenter your response here %Minimumenter your response here %Maximumenter your response here %Sumenter your response here Count Customer Percent Gross Profit1 212 213 224 225 166 227 328 269 3410 2411 1012 3213 2814 5015 2716 317 2218 919 1420 2121 3722 2323 924 2025 2226 1427 728 1029 3730 14

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Answered: Use the Descriptive Statistics tool to…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Use the Descriptive Statistics tool to summarize the percent gross profit for the sales data provided.

Find the descriptive statistics for the percent gross profit.

(Type integers or decimals rounded to two decimal places as needed.)

Mean	enter your response here %
Standard Error	enter your response here %
Median	enter your response here %
Mode	enter your response here %
Standard Deviation	enter your response here %
Sample Variance	enter your response here
Kurtosis	enter your response here
Skewness	enter your response here
Range	enter your response here %
Minimum	enter your response here %
Maximum	enter your response here %
Sum	enter your response here
Count

Customer Percent Gross Profit
1 21
2 21
3 22
4 22
5 16
6 22
7 32
8 26
9 34
10 24
11 10
12 32
13 28
14 50
15 27
16 3
17 22
18 9
19 14
20 21
21 37
22 23
23 9
24 20
25 22
26 14
27 7
28 10
29 37
30 14

Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.

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