Analysis of U.S. Export Volume Data: Statistical Distribution and Outlier Identification

An assignment analyzing U.S. export data and identifying statistical outliers.

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Analysis of U.S. Export Volume Data: Statistical Distribution and OutlierIdentificationYou are provided with data on the volume of exports from the United States for the year 2013 tovarious countries. Based on this data, conduct astatistical analysis of the export volumes.In your analysis, address the following:1.Defineandexplainthetypesofdata(qualitativeandquantitative)andscalesofmeasurement used in the dataset.2.Provide a detailed explanation of how to calculate the frequency distribution, classinterval, relative frequency, and cumulative frequency for this data.3.Present the histogram for the export volume data and interpret the distribution.4.Calculate and explain the following numerical measures:oMean, median, mode, range, standard deviation, and skewness.oDiscuss the implications of these measures in the context of the dataset.5.Analyze the box plot and identify the presence of any outliers.6.Conclude with a summary of the findings, discussing the significance of the U.S. exportvolumes to different countries, highlighting any patterns or trends observed.Word Count Requirement: 1200-1500 words.

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Economics

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