This article shows the performance of BITCOIN’s Price from the month of October 1 – November 15, 2022. It shall be considered under the following subtitles.
Descriptive statistics and Inference of BITCOIN’s Price
Boxplot of BITCOIN Price
Line graph of BITCOIN Price
Conclusion
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Descriptive statistics and Inference of BITCOIN’s Price
Below is a descriptive summary of BITCOIN price presented under the following subtitles.
N Statistics
N Statistics shows the number of data entry for BITCOIN price covering the month of October 1 – November 15 which is 136.
Minimum Statistics
Minimum statistics shows the minimum price of BITCOIN for the stated month above. The minimum price was $15931.39.
Maximum Statistics
Maximum statistics shows the maximum price of BITCOIN for the stated month above. The minimum price was $24417.69.
Mean Statistics
Mean statistics shows the average price of BITCOIN throughout the stated duration which is $19369.5.
Standard deviation statistics
This shows the deviation of the data points from the mean. This shows a wide gap of over 1278.47. The price of BITCOIN entered is more spread out away from the mean price.
Variance Statistics
Variance indicates the square of standard deviation. Though might not be useful in this analysis. It tells how the point spread wide away from the mean price. We shall see this in the boxplot.
Skewness Statistics
Skewness is used to measure the level of symmetry of your data. It tells if all of the data are normal. From the analysis, the skewness indicates a negative value (-1) which tells that the data deviates from normality.
Kurtosis statistics
Kurtosis is the measure of indication of extreme value known as outliers. Outliers states if the prices of BITCOIN are extremely high or low. From the boxplot it shows extreme low prices of BITCOIN.
Boxplot of BITCOIN Price
The boxplot below shows the price range of BITCOIN for the stated duration with extreme low values. This indicates within the period of October1 – November 15, BITCOIN price stooped so low extremely to $16,000.
Line graph of BITCOIN Price
The line chart of BITCOIN within the stated duration shows the performance in BITCOIN price. It experienced a dip in the month of November 11- 15th, 2022 which indicates a good time to buy.
Conclusion
This article has been able to present a descriptive summary of BITCOIN price from the month of October 1st – November 15th , 2022.
Areas covered are descriptive summary of data prices, boxplot and line graph.
Other images
Data view
Variable view
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