For these project assignments throughout the course you will need to reference

For these project assignments throughout the course you will need to reference the data in the ROI Excel spreadsheet. Download it here.Using the ROI data set:For each of the 2 majors calculate the mean, median, minimum, maximum, range, and standard deviation for the columns ‘Cost’ and ’30-Year  ROI’.  Define each of the terms in #1, and explain how each can be used to provide information about a data set.By hand or with Excel, for each of the 2 majors calculate the probability that a college picked from the column for ‘School Type’ is ‘Private’.By hand or with Excel, for each of the 2 majors find the probability that a college with the ‘School Type’ ‘Private’ has a ’30-Year ROI’ between $1,500,000 and $1,800,000.This is your highlighted box for your project: Use the definitions and explanations in #2 to analyze the data.  What have you learned about the data set of each major?  What does it mean if there is a greater range in terms of ROI?  What does it mean if there is a greater standard deviation in terms of ROI? How do minimum and maximum factor into the question? Which major is looking like it has the better ROI right now?  Why?

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