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ReadingNotes Chapter02 Stats

ReadingNotes Chapter02 Stats

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Published by Katherine Sauer

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Categories:Types, School Work
Published by: Katherine Sauer on Jun 26, 2012
Copyright:Attribution Non-commercial


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 Reading Notes Economics
Dr. Sauer 
Chapter 2: Data Collection & Graphical Representation
2.1 Summary Statistics for Raw Data: Mean, Quartiles, and Mode
summary statistic
2.1.1 The Mean for a Set of Raw Data
 Formula for calculating the mean:µ =
2.1.2 The Median, Quartiles, and Percentiles
 Quartiles are:The median is:For an odd number of dataFor an even number of dataQ1 is located at:Q2 is located at:Q3 is located at:
2.1.3 The Mode
 A mode is:
2.1.4 Why not use the mean value to represent any set of data?
 Outliers are:To be skewed means:
2.2 Summary Statistics for Grouped Data: Mean, Quartiles, and Mode
 The Grouping Assumption says:

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