Measures of Variability /dispersion 1. Range 2. Interquartile Range 3. Variance 4. Standard Deviation 5. Coefficient of Variation
Measures of Variability /dispersion 1. Range 2. Interquartile Range 3. Variance 4. Standard Deviation 5. Coefficient of Variation
Measures of Variability /dispersion 1. Range 2. Interquartile Range 3. Variance 4. Standard Deviation 5. Coefficient of Variation
COEFFICIENT OF VARIATION
VARIANCE POPULATION = 2
=
(Xi - X)2 / N
VARIANCE SAMPLE = S2 = (Xi - X)2 /(n - 1) STANDARD DEVIATION (SD) = S2 COEFFICIENT OF VARIANCE (CV) CALCULATED BY CV = (SD/MEAN) X 100 %
X = 56/7 = 8
Empirical Rule The standard deviation and the normal distribution For unimodal, moderately symmetrical, sets of data approximately:
i.e. Normally Distributed Data
68% of observations lie within 1 standard deviation of the mean. 95% of observations lie within 2 standard deviations of the mean.
NOTE : THE INTERVAL X + 2S, SHOULD INCLUDE ABOUT 95% OF THE OBSERVATIONS IN A SAMPLE.
GROUP DATA
S2 = WHERE :
( n fi xi 2 - ( fixi )2 ) n(n-1)
xi = MID POINT
n = fi
fi = FREQUENCY OF THE ith CLASS
EXAMPLE : CLASS INTERVAL fi 45 - 49 50 - 54 55 - 59 60 - 64 65 - 69 70 - 74 TOTAL 3 10 16 20 15 6 70 xi 47 52 57 62 67 72 xi2 2209 fixi 141 fixi2 6627
21679
4250 260970