Descriptive statistic results from quarterly sales figures over a 18 year period (73 qtr) are below. Please interpret the standard Deviationand Medianin terms of sales results, so I can explain the sales in written form.
Table 1 Net Sales (in thousands)
Mean = $6,343,231
Median = $6,348,797
Standard Deviation = $2,473,444
Range = $7,920,508
Minimum = $2,665,882
Count = 73
The Standard deviation shows how close or farther away is the quarterly sales from the mean. A higher standard deviation shows that the quarterly sales are not crowded around the mean. Smaller …
This brief solution interprets the result of the standard deviation and the median in a given quarterly sales figures.