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Lab Insight: Apply the same steps in Lab 7.1 to the Alt Lab 7.1 Data.xlsx dataset.
Required:
Calculate descriptive analytics for selling price, cost, and order process time.
Create a histogram for order process time.
Create a written report to present your results to Rob.
Data: Alt Lab 7-1 Data.xlsx
Specify the Question: What is the average, median, and mode selling price and cost for LeTable Incorporated over the past five years? What is the standard deviation for selling price and cost? How long does it take LeTable Incorporated to make a table after the order is placed (that is, process time)?
Analyze the Data: Refer to lab 7.1 in your text for additional instructions and steps.
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