Measures of Variability Activity

Hands-on

1. Retrieve the file “Salaries 100 employees.csv”

2. Save the file using the format: “Section – Surname, First name (MoV-lab).xlsx” e.g. 2M12 –
Fernandez, Ronald (MoV-lab).xlsx
3. In cell M2 type “Mean:” and compute the Mean. Place your formula in cell N2 (Use TotalPay)
4. In cell M3 type “SD:” and calculate the Standard Deviation. Place your formula in cell N3 (Use
TotalPay)
5. In cell M4 type “CV:” and compute the Coefficient of Variation. Place your formula in cell N4
and use TotalPay (Note: Round to 0 decimal places)

Concepts

1. In Marketing, what is the practical use of Mean and Standard Deviation? Give examples (Include
your references. Do not copy and paste)
2. Submit a softcopy using the “letter” paper size (Don’t forget to indicate the question before you
answer. Also, place your name, section, and the date of submission in the upper portion of the
document). The filename should follow the format: Section – Surname, First name (MoV-lec)
e.g. 2M12 – Fernandez, Ronald (MoV-lec)