Problem

Create and calculate the following in Excel:

1. Create a Pie Chart which summarizes colors of the cars in the sample.

2. Create a Bar Chart which summarizes the frequency of the models of the cars in the sample.

3. Create a Frequency Table for classes of MPG, including Frequency and Relative Frequency for the cars in the sample.

o Calculate the mean Days in Inventory for the cars in the sample.
o Compare that to the median and the mode.

4. Highlight the value that would be a better representation of the "typical" price of a car in inventory?

5. Calculate the standard deviation of the Days in Inventory for the cars in the sample.

6. Calculate the 5 number summary for the suggested retail prices of the cars in the sample. This consists of the 1st, 2nd, 3rd, 4th quartile and the IQR.