You are assisting both Production departments in analyzing transportation capacity. Datahas been collected on truck capacity (# of bags), truck weight, and truck age (in years) for the entire fleet. You have been asked to provide the major summary statisticsfor this information and you realize you will need to provide explanation of terminology as well.
? Prepare a 5-6 slide presentation that explains the following:
o the difference between mean, medianand mode
o when each is appropriate to use
o the relationship between varianceand standard deviation
o why both measures are necessary
o the relationship of these measures to estimation theory.
o Use the Sample Data to illustrate your points
o Create a table on one slide showing the results of the six calculations for each of the three variables
Explaination of mean, median, mode, variance, std deviation