Question: the question is to find from the data1 what the...
The question is to find from the data
1) what the typical ratio looks like
2) what a small ratio looks like
3) what a large but not outlier ratio looks like.
I have calculated the mean, medium, min, max and standard deviation.
How do i go about writing a descriptive statistics. I think the typical ratio must be the mean but i do not know what is considered small or large from the data. The data about is about 120. Do i need to calculate quantile?