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Owner: aroots017
Created: May 28, 2019
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Views: 51
 
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Avocados Report Amber Roots
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I chose to write my report and stat analysis on the avocado prices for Chicago in 2015 because as a culinary arts student, the cost of food greatly affects my business, and seeing when prices may be lowest would be greatly helpful to save costs. I also really like avocados, and I believe that as they got more popular, they also got much more expensive.

I ran the analysis on my data, and here are the results:

Summary statistics:

 

ColumnnMeanVarianceStd. dev.Std. err.MedianRangeMinMaxQ1Q3IQRCoef. of var.Mode
Average Price 52 1.1536538 0.0089530543 0.094620581 0.013121514 1.175 0.36 0.91 1.27 1.11 1.23 0.12 8.2018173 1.24

 I received my information from Hass Avocado Board website in May of 2018 on kaggle.com and chose the chicago area, of course, because that was the nearest region to me. 

The average, or mean, price for avocadoes was $1.154 in 2015 and only had a range of $0.36 which is quite a small range for produce prices.


The box plot for the dataset is:

Right click to copy 

The boxplot shows a total of 3 outsider numbers and a largely left skew. At the store the other day, I noticed that avocados were $0.99 per avocado. The outsider numbers are also under $1 which shows me that the average price of avocados during 2015 is more expensive than they currently are. This shows me that I was correct in assuming that during the time that avocados became very popular with items such as guacamole and avocado toast, the prices per avocado also became more expensive.


 

Result 1: Summary Stats Avocados   [Info]

Summary statistics:


ColumnnMeanVarianceStd. dev.Std. err.MedianRangeMinMaxQ1Q3IQRCoef. of var.Mode
Average Price521.15365380.00895305430.0946205810.0131215141.1750.360.911.271.111.230.128.20181731.24

Result 2: Boxplot Avocados   [Info]
Right click to copy

Data set 1. Avocados   [Info]
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HTML link:
<A href="https://www.statcrunch.com/5.0/viewreport.php?reportid=87415">Avocados Report Amber Roots</A>

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