Numerical Descriptive Measures: Prem Mann, Introductory Statistics, 7/E
Numerical Descriptive Measures: Prem Mann, Introductory Statistics, 7/E
NUMERICAL
DESCRIPTIVE
MEASURES
Mean
Median
Mode
Relationships among the Mean, Median,
and Mode
x=
x
=
1368
= 228 = $228 Billion
n 6
= x 362
= = 45.25 years
N 8
7 8 9 10 11 12 13 13 14 17 17 45
12 + 13 25
Median = = = 12.5 = $12.5 billion
2 2
Definition
The mode is the value that occurs with the
highest frequency in a data set.
Range
Variance and Standard Deviation
Population Parameters and Sample
Statistics
x 2
−
N
x − n 2
=
2
and s = 2
N n −1
where σ² is the population variance and s² is the
sample variance.
( x )
2
(662)2
x 2
−
n
114,600 −
5 114,600 − 87,648.80
s2 = = = = 6737.80
n −1 5 −1 4
s = 6737.80 = 82.0841 = $82.08 billion
( x)
2
(449.30)2
x 2
−
N
35,978.51 −
6
2 = = = 388.90
N 6
= 388.90 = $19.721 thousand = $19,721
x=
mf
Mean for sample data: n
where m is the midpoint and f is the frequency of
a class.
Prem Mann, Introductory Statistics, 7/E
Copyright © 2010 John Wiley & Sons. All right reserved
Example 3-14
Table 3.8 gives the frequency distribution of
the daily commuting times (in minutes) from
home to work for all 25 employees of a
company.
Calculate the mean of the daily commuting
times.
= mf
=
535
= 21.40 minutes
N 25
x=
mf
=
832
= 16.64 orders
n 50
m 2
f−
N
m f − n2
2 = and s 2 =
N n −1
( mf ) 2 (535) 2
f−
m 2
N
14,825 −
25 3376
2 = = = = 135.04
N 25 25
n
14,216 −
50 = 7.5820
s2 = =
n −1 50 − 1
1 1 1
1 − 2 = 1 − 2 = 1 − = 1 − .25 = .75 or 75%
k (2) 4
Prem Mann, Introductory Statistics, 7/E
Copyright © 2010 John Wiley & Sons. All right reserved
Example 3-18: Solution
b)
IQR = Interquartile range = Q3 – Q1
= 15.5 – 9.5
= $6 billion
24 28 33 33 37 39 47 51 59
28 + 33 47 + 51
Q1 =
2 Q2 = 37 Q3 =
2
= 30.5 = 49
= (6+14)th term
= (74)th term
= 1.7 th term
Here we can consider the 2nd term (rounding 1.7 to nearest whole integer) from the
set of observation.
⇒ 2nd term = 16
Lower quartile = 16
= (3(6+1)4)th term
= (214)th term
= 5.25th
Here we can consider the 5th term (rounding 5.25 to nearest whole integer) from
the set of observation.
⇒ 5.25th = 88
Upper quartile = 88
b)
IQR = Interquartile range = Q3 – Q1
= 49 – 30.5
= 18.5 years
kn
Pk = Value of the th term in a ranked data set
100
7 8 9 10 11 12 13 13 14 17 17 45
The position of the 42nd percentile is
kn (42)(12)
= = 5.04th term
100 100
8
Percentile rank of 14 = 100 = 66.67%
12
Step 2.
Step 3.