Inferential Statistics and AnalyticsDeliverable 1 – Descriptive StatisticsCompetencyExamine basic descriptive statistics, and demonstrate results using calculated values and statistical charts.InstructionsScenario (information repeated for deliverable 01, 03, and 04)Only 3 attempts allowed for the project.Mastery• All problems are solved correctly.• Complete and detailed steps are provided to explain how to solve the problem.• Explanations demonstrate a mastery of understanding of the statistical concepts and terminology.• All variables, equations, and expressions are properly formatted.A major client of your company is interested in the salary distributions of jobs in the state of Minnesota that range from $30,000 to $200,000 per year. As a Business Analyst, your boss asks you to research and analyze the salary distributions. You are given a spreadsheet that contains the following information:• A listing of the jobs by title• The salary (in dollars) for each jobThe client needs the preliminary findings by the end of the day, and your boss asks you to first compute some basic statistics.Background information on the DataThe data set in the spreadsheet consists of 364 records that you will be analyzing from the Bureau of Labor Statistics. The data set contains a listing of several jobs titles with yearly salaries ranging from approximately $30,000 to $200,000 for the state of Minnesota.What to SubmitYour boss wants you to submit the spreadsheet with the completed calculations, answers, and analysis.
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