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Friday, July 05, 2013

Statistics

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Statistics



Mean: Its also known as the arithmetic mean, a value that helps summarize an entire set of numbers. A set’s mean is calculated by adding the numbers in the set together and dividing their sum by the number of members of the set. For example, the mean of the set {3, 4, 8} is 5, calculated (3 + 4 + 8)/3 = 5. Similarly, the set {16, 13, 9, 2} has a mean of (16 + 13 + 9 + 2)/4 = 10.
In examining large collections of numbers, such as census data, it is helpful to be able to present a number that provides a summary of the data. Such numbers are often called descriptive statistics. The arithmetic mean is probably the best-known descriptive statistic. The mean is often called the average, but it is actually only one of several kinds of averages, such as the median and the mode.

Median:
Median, the value of the middle member of a set of numbers when they are arranged in order. Like the mean (or average) and mode of a set of numbers, the median can be used to get an idea of the distribution or spread of values within a set when examining every value individually would be overwhelming or tedious. The median of the set {1, 3, 7, 8, 9}, for example, is 7, because 7 is the member of the set that has an equal number of members on each side of it when the members are arranged from lowest to highest. If a set contains an even number of values, there is no single middle member. In such cases the median is the mean of the two values closest to the middle. The median of the set {1, 3, 9, 10}, for example, is (3 + 9)/2 = 6.
The mean is a more precise measure than the median, but can be greatly affected by a few numbers that are very different from the other members of a set. For example, the mean of the set {2, 4, 5, 7, 8, 934}—calculated by adding the members of the set together and dividing the sum by the total number of members—is 160, which is much higher than all but one of the values in the set. In cases such as this the median, 6, is used to give a better overall impression of the typical values of the numbers because it ignores outlying values.

Mode: The number in a given set of numbers that appears most frequently. In the set {3, 4, 6, 7, 10, 10, 13}, for example, the mode of the set is 10. If two or more numbers are tied for most frequent appearances the set has multiple modes. The modes of the set {1, 1, 2, 2, 3, 4, 4, 5}, for example, are 1, 2, and 4. Other sets, such as {5, 7, 9, 11}, have no modes because all the numbers occur with equal frequency.

Standard Deviation: A number representing how closely bunched a set of numbers is around its mean, or average value. The standard deviation is an important concept in statistics because it is a precise indicator of the degree of variability within a set of numbers. A set with a smaller standard deviation consists of more closely bunched numbers than a set with a larger standard deviation. If the test scores of a class were 76, 80, 82, 85, and 91, for example, the standard deviation would be about 5.04, reflecting the fact that the scores are fairly close together. A class with the wildly varying test scores 0, 53, 77, 91, and 100, however, would have a standard deviation of about 35.8.
The standard deviation of a set of numbers is calculated using the deviation of individual numbers from the set’s mean. Each deviation is found by subtracting the number from the mean. If there are n members in a set and the deviations of the members from the mean are symbolized by x1 through xn, the standard deviation (σ) is given by the formula:


To compute the standard deviation of the set {2, 3, 5, 6, 9}, for example, first find the mean. The mean is the sum of all the members of a set divided by the number of members of the set: (2 + 3 + 5 + 6 + 9)/5 = 25/5 = 5. The individual deviations from the mean are 5 – 2 = 3, 5 – 3 = 2, 5 – 5 = 0, 5 – 6 = -1, and 5 - 9 = -4. Square the individual deviations and add them together: 32 + 22 + 02 + (-1)2 + (-4)2 = 9 + 4 + 0 + 1 + 16 = 30. Divide the result by the number of members of the set: 30/5 = 6. Take the square root and round to two decimal places: √6 = 2.45. The standard deviation of {2, 3, 5, 6, 9}, therefore, is 2.45.
This equation works for sets in which all members are specified. A more complex equation is necessary to determine the standard deviation of a set using only a sample of that set’s elements.
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Shamoeel, lives in Lahore, is a truthseeker and has a passion for getting and providing education in a manner that takes the students out of the tangled method and teaches them in simple, clear and relevant style.

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