Statpro Reporting Finaaaaal
Statpro Reporting Finaaaaal
Statpro Reporting Finaaaaal
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Variation
Variationis a way to showhow
data is dispersed, or spread
out. Several measures of
variation are used in statistics.
RANGE
A range is one of the most basic measures of
variation.
It is the difference between the smallest data
item in the set and the largest.
Formula:
Range = Maximum Value- Minimum Value
Example:
73, 79, 84, 87, 88, 91, 94
Formula:
Quartile deviation= Q3-Q1
2
Example
Calculate the Quartile Deviation for a group of
data, 241,521,421,250,300,365,840,958.
Step 1:
First, arrange the given digits in ascending order
= 241,250,300,365,421,521,840,958; (n) = 8.
Step 2:
Calculate the center value (n/2) for the given data
{241,250,300,365,421,521,840,958}. n=8
n/2 = 8/2
n/2 = 4th
From the given data,
{241,250,300,365,421,521,840,958 } the fourth
Step 3:
Now, find out the n/2+1 value.
n/2 +1
= 4+1
=5th
From the given data,
{ 241,250,300,365,421,521,840,958 } the fifth
value is 421.
Step 4:
From the given group of data,
{241,250,300,365,421,521,840,958 }
Consider, First four values Q1 = 241,250,300,365
Last four values Q3 = 421,521,840,958
Step 5:
Now, let us find the median value for Q1.
Q1= {241,250,300,365}
250+300
550/2
=275
Step 6:
Let us now calculate the median value for Q3.
Q3= {421,521,840,958}
521+840
1361/2
= 680.5
Step 7:
= 202.75
Mean Absolute Deviation
The absolute deviation of a data set is
defined as the average of the absolute
deviations of each value, thusit is also
known as anaverage absolute
deviation.
Formula:
Mean Deviation = |x - |
N
Example
The maximum speeds of eight roller
coasters are 58,88,40,60,72,66,80 and 48.
N= 8
|64- 58| = 6
|64- 88|= 16
|64- 40|= 24
|64- 60|= 4
|64- 72|= 16
|64- 66|= 2
|64- 80|= 24
|64- 48|= 16
Step 3: Find the average of the absolute
values of the differences between each
value in the data set and the mean
16+24+2+16+4+24+16+6
8
100
8
= 12.5
Standard Deviation
Formula:
2= ( Xi-X)2
N
2= variance
(X - )2= The sum of (X - )2for all
data points
N= the number of values
Example
You and your friends have just measured the
heights of your dogs (in millimeters)
The heights (at the shoulders) are: 600mm,
470mm, 170mm, 430mm and 300mm.
2= ( Xi-X)2
N
Example
Step 1: Find the mean.
Mean = 600 + 470 + 170 + 430 + 300
5
= 1970
5
= 394
Step 2. Then for each number: subtract the
Mean and square the result
600- 394 = 206 = 42,436
470- 394 =76 = 5,776
170- 394=-224 = 50,176
430- 394=36 = 1,296
300- 394= -94 = 8836
Step 3. Then work out the mean of those
squared differences.
206 +76+(-224) + 36+ (-94 )
5
=42,436+ 5,776+ 50,176+ 1,296+ 8836
5
= 108, 520
5
=21,704