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16 Cards in this Set
- Front
- Back
Statistics
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A set of techniques for the reduction of quantitative data to a small number of more convenient and easily communicated descriptive terms.
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Volume or qualtity measures
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-Measures of central tendancy
-Measures of variation |
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Measures of central tendancy
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-Mean
-Median -Mode |
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Mean
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line x = sum times x divided by n
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Median
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The middle number is a dataset
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Mode
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The number that occurs most often
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Measures of variation
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-Range
-Others (won't use, but should know) -The average deviation -Variance |
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Range
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The high minus the low
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The average deviation
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The mean absolute value of the distanced of each observation from the sample mean
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Variance
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The mean of the squared distances of each observation from teh sample mean
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Why n-1 for variance?
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Using n tends to produce an underestimate of the population variance, so we use (n-1) in the denominator to provide the appropriate correction for this tendency
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Why squared for variance?
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Positive and negative distances from the mean cancel each other out. We then take the square root, which balances it out.
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Standard deviation formula
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s = the square root of sum times x - line x squared divided by n - 1
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Standard deviation equation process
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-Start with subtracting the mean from individual observations. By doing this we find out how far each observation varies, or deviates from the mean.
-We square these deviations, to take care of the cancelling out of +/- distances -The sigma (summation sign) says to add all the squared variations -By then dividing the sum of the squared deviations by the number of observations, we get a mean squared deviation. -Take the square root of the mean squared deviation, to get back to the original, intuitive units. |
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What does standard deviation tell us?
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-Gives us some sort of indication of variability, so that one can compare two samples drawn from the same sort of units, and get some idea which varies more, which less.
-Measure of relative standing - things like percentile rankings -It is a numerical measure of variability, just as a bell shaped frequency distrinution is a graphic representation of variability |
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What does the distance tell us in standard deviation?
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How likely an observation from the mean is.
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