AAMS1773 QUANTITATIVE STUDIES

FORMULAE
Mean, raw data
x
x
=
x=
N
n
Standard deviation, raw data

s=

x
N

Mean, grouped data

fx
fx
=
x=
f
f
Standard deviation, grouped data

( x )2

fx

( fx )

s=

n 1

c n

Median = Lm + m f m 1
fm 2

Binomial distribution: P(X = x) =

fx

n 1

Mode = Lm +

n=

fm fb
cm
2 fm ( fb + fa )

C x p x q n x

Product moment correlation coefficient

n XY X Y
r=
2
2
n X 2 ( X ) n Y 2 ( Y )

fx
f

][

Spearman rank correlation

6d2

rs = 1

n n2 1

Regression line of Y on X: Y = a + bX
b=

n XY X
n X 2

Y
( X )

Laspeyres Index Number:

a=

Price
pn qo

p q
p q
p q
n

100

Tn = a + (n 1) d

Geometric Progression:

Tn = a r n1

Simple interest:

Sn = P(1 + in )

Compound interest:

S n = P (1 + i )n

n
[ 2a + (n 1) d ]
2
a (1 r n )
Sn =
1 r

A (1 + i ) 1
i
n
A 1 (1 + i )
i

100

Sn =

Ordinary annuity

Present value:

n o

Arithmetic Progression:

p q
p q

100

o n

Future value:

Quantity
po qn 100
po qo

o o

Paasche Index Number:

Y b X

Due annuity

A (1 + i ) (1 + i ) 1
i
n
A (1 + i ) 1 (1 + i )
i

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]