Calculate in Excel… Car Lot Inventory

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Calculate in Excel… Car Lot Inventory

You manage the inventory for a car dealership. Your management would like you to review current inventory on the dealership lot.

Review the Week 2 Data Set. ***Attached***

Create and calculate the following in Excel®:

  1. Create a Pie Chart which summarizes colors of the cars in the sample.
  2. Create a Bar Chart which summarizes the frequency of the models of the cars in the sample.
  3. Create a Frequency Table for classes of MPG, including Frequency and Relative Frequency for the cars in the sample.
    • Calculate the mean Days in Inventory for the cars in the sample.
    • Compare that to the median and the mode.
  4. Highlight the value that would be a better representation of the “typical” price of a car in inventory?
  5. Calculate the standard deviation of the Days in Inventory for the cars in the sample.
  6. Calculate the 5 number summary for the suggested retail prices of the cars in the sample. This consists of the 1st, 2nd, 3rd, 4th quartile and the IQR.


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