Finer Suit Company sells suits in the US and the European Union. The company monitors its suit sales by collecting randomly chosen data from store locations throughout the US and the EU. They record list price (in dollars), sale price (in dollars), and number of days it takes to sell each suit. Data were collected from 200 suits sold in the US and 200 in the EU region. The complete data set is in the file named Suits.

Managerial Report

Prepare a report (see below) that summarizes your assessment of the nature of the suit market in each region. Be sure to include the following seven items in your report.

Calculate descriptive statistics (mean, median, range, standard deviation, and coefficient of variation) to summarize each of the three variables for all US suits. Use z-scores to determine if there any outliers in the data set for any of the three variables.
If there are any outliers in any category, please list them and state for which category they are an outlier.
If a result is an outlier, state whether it is below or above the mean.
How can one use the above descriptive statistics to understand the US suit market better? Could there be any other descriptive statistics that can help one understand the US suit market better?
Descriptive statistics (mean, median, range, standard deviation and coefficient of variation) to summarize each of the three variables for the all EU suits. Use z-scores to determine if there any outliers in the data set for any of the three variables.
If there are any outliers in any category, please list them and state for which category they are an outlier.
If a result is an outlier, state whether it is below or above the mean.
How can one use the above descriptive statistics to understand the EU suit market better? Could there be any other descriptive statistics that can help one understand the EU suit market better?
Compare your summary results from #1 and #2. Discuss any specific statistical results that would help Finer Suits understand its two types of businesses.
Discuss any specific statistical results that would help Finer Suits understand its two types of
Develop a 99% confidence interval estimate of the population mean sales price and population mean number of days to sell for US suits.
What is the margin of error?