Answered Essay: 2) Using Microsoft Excel a) Use the "Descriptive Statistics" to find the Mean and Standard

2) Using Microsoft Excel

a) Use the “Descriptive Statistics” to find the Mean and Standard deviation for “Planted Acres” of soybeans.

b) Can you make any inferences based upon that data?

Year Planted acres Harvested acres)
1992 59,180 58,233
1993 60,085 57,307
1994 61,620 60,809
1995 62,495 61,544
1996 64,195 63,349
1997 70,005 69,110
1998 72,025 70,441
1999 73,730 72,446
2000 74,266 72,408
2001 74,075 72,975
2002 73,963 72,497
2003 73,404 72,476
2004 75,208 73,958
2005 72,032 71,251
2006 75,522 74,602
2007 64,741 64,146
2008 75,718 74,681
2009 77,451 76,372
2010 77,404 76,610
2011 75,046 73,776
2012 77,198 76,104
All figures are in thousands of acres.

Expert Answer

Answer

the values of both harvested and planted are somewhat similar, the Harvested valueare lower than the planted as we know there will be some loss.

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