USE THE HARVARD REFERENCING SYSTEM THROUGHOUT THE REPORTProblem 1 (25 pts)The cost of 14 models of digitals cameras at a camera specialty store during 2014 was as follows:340 450 450 280 220 340 290 370 400 310 340 430 270 3801. Compute mean, median, mode, first and third quartile.2.Compute the variance, standard deviation, range, interquartile range,coefficient of variation, standard error of the mean and Z scores.3. Determine whether or not there are outliers? Explain.4. Determine whether or not the data are skewed? If so, how?5.Based on the previous results what conclusions can you reach concerningthe price of digital cameras at a camera specialty store during 2014.6. Construct a 90%, 95%, 99% confidence interval for the population mean cost of digitals cameras.7. Interpret the meaning of each interval.8. What assumption do you need to make about the population of interest to construct the confidence intervals?Problem 2 (15 pts)Consider the sample data for plants A, B, C & D of the above company, which aretabulatedin table 1. Test whether the four means are equal at the 5% level ofsignificance. Perform a test that will compare all 4 means at once. Weare not interested in pair-wise comparisons at this stage. Please showall the steps in your calculations.Table 1:A B C D333 328 320 333332 329 321 321320 323 322 329326 327 325 330328 330 326 328325 331 328 325323 332 329 333321 320 330 331334 324 331 327322 323 332320 334329330328331330Problem 3 (30 pts)Read the article attached above (p. 221 – 225)«Performance and duration differences between online and paper–pencil tests» and answer the questions below.Part A.1. Develop a 95% confidence interval using data from this study.2. Perform a hypothesis testing using data from this study.(show all the the appropriate steps).3. Suggest another statistical technique(s) for the purpose of this study. Explain.Part B.Forthis study briefly describe how the researcher draw conclusions from asample about a population. Try to be as analytic as possible and use thecomments bellow.1. Determine (or define) the independent variable(s).2. Determine (or define) the dependent variable(s).3. Determine (or define) qualitative and quantitative variable(s).4. Determine (or define) the sample and the population.5. Describe the statistical method(s) being used and define inferential statistics. Interpret the meaning of p-value.