Economics Homework Help. Explanation of the Measures of Spread and Center Excel Spreadsheet Discussion
Refer to the data under Week 3 Module (US Unemployment) also attached.
a. Calculate the summary measures such as the mean, standard deviation, five-number summary
(minimum value, first quartile, median, third quartile, and maximum value), and interquartile range.
b. Briefly discuss which measures for the center and spread would be more appropriate to use to
describe your data set. Also, discuss your reasons for using those measures.
