Need some guidance on this project, the requirements are below:…
Question Answered step-by-step Need some guidance on this project, the requirements are below:… Need some guidance on this project, the requirements are below: Should specify the article, the date it was published, and a link to the article.• A bullet-pointed summary of the purpose of the article and the problem it is trying to solve.• A brief explanation of how the article uses descriptive statistics to communicate information, conclusions, or solutions found in the study.Therefore to begin, visit one of the following newspapers’ websites: USA Today, New York Times, Wall Street Journal, or Washington Post. Select an article that uses statistical data related to a current event, your major, your current field, or a future career goal. The chosen article must have a publication date during this quarter.Example topics may include:• Elections/exit polls• Award shows (Oscars/Emmys/Grammys)• Sports• Economy/job market• Gender equality The article should use one or more of the following categories of descriptive statistics: • Measures of Frequency – Counting Rules, Percent, Frequency, Frequency Distributions• Measures of Central Tendency – Mean, Median, Mode• Measures of Dispersion or Variation – Range, Variance, Standard Deviation• Measures of Position – Percentile, QuartilesNote: Once you navigate to a publication’s website, it may be easiest to provide a search with a statistics-related word (ex: standard deviation). Below are some samplesEXAMPLES:Explore below for examples of how the different statistical categories above were used in recent newspaper articles: Example 1: Statistical Category: Measures of Frequency – Counting Rules, Percent, Frequency, Frequency Distributions.Title: Weekly Mortgage Refinance Applications Spike 15% as Interest Rates Plunge to Lowest in Nearly 4 Years (February 5th, 2020). Statistical Data: The percentages in the quote below are measures of frequency.• “The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to 3.71% from 3.81%, with points remaining unchanged at 0.28 (including the origination fee) for loans with a 20% down payment.” Example 2: Statistical Category: Measures of Central Tendency – Mean, Median, Mode.Title: Here’s the Average American’s Credit Card Debt – And How Much It Costs Them (February 23rd, 2020).Statistical Data: “The average American has $6,194 in credit card debt at an average interest rate of 16.88%.” Example 3: Statistical Category: Measures of Dispersion or Variation – Range, Variance, Standard Deviation.Title: Franchises that Work Out: Many of the Hottest US Businesses to Franchise Involve Fitness (February 17th, 2020).Statistical Data: This is an example of measures of dispersion because it shares a range: “Estimated franchise startup cost: $2,000 – $20,000.”Example 4: Statistical Category: Measures of Position – Percentile, Quartiles.Title: The 4 Main Grad School Admissions Exams, in a Nutshell (March 30th, 2017).Statistical Data: • “Score range: Between 130 to 170 for Verbal Reasoning, with 150 being the 50th percentile; between 130 to 170 for Quantitative Reasoning, with 152 being the 50th percentile; and between 0 to 6 for Analytical Writing, with 3.5 being the 50th percentile.” Math Statistics and Probability SOC 101 Share QuestionEmailCopy link Comments (0)
