You are given the following data series and directed to present an analysis of the data to Senior ECASH management: [20, 100, 20, 60, 100, 0, 70, 140, 60, 20, 80, 140, 160, 140, 100, 90, 60, 100, 20, 60, 140]  Present Your Analysis:  What type of Distribution best describes the above data? What supporting statistical analysis metrics (provide metric values) and analysis would you choose to present to Senior Management?  Explain the rationale behind your chosen analysis support and metrics.

MATLAB: An Introduction with Applications
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You are given the following data series and directed to present an analysis of the data to Senior ECASH management: [20, 100, 20, 60, 100, 0, 70, 140, 60, 20, 80, 140, 160, 140, 100, 90, 60, 100, 20, 60, 140] 

Present Your Analysis: 

What type of Distribution best describes the above data?

What supporting statistical analysis metrics (provide metric values) and analysis would you choose to present to Senior Management? 

Explain the rationale behind your chosen analysis support and metrics.

Expert Solution
Step 1: Describing distribution

In order to determine the better distribution for the given data points, need to plot frequency or histogram.

First, need to arrange the data in ascending order with corresponding frequencies and then look for a suitable distribution that can describe the pattern.

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