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Before doing any data analysis, you'll want to get acquainted with your data. In this video we'll discuss the maximum, minimum, and range.
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One of the first steps in any data
analysis is to summarize the data.
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By summarizing the data, we give
others the ability to make decisions
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based on this data without needing
to see the data for themselves.
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Pretend you are a race organizer and
you're trying to figure out
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how late you'll need to have the roads
closed near the finish line.
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To figure that out, you could use
the race results from last year,
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find who came in last and
then use their time.
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Or if you had the stats for
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the race you could just use the maximum
finishing time and be done with it.
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