Basic Statistical Concepts

Module-1

Simple Interest

r
`

Simple interest = 100

X Principal

Compound Interest

r
`

Amount

=P

1+ 100

Mean

R1 + R2 + R3 + R4+ ......Rn
`

Arithmetic Mean = n

Mean ( Cont.)

Geometric Mean = {(1+ R1)(1+ R2)(1+ R3).....(1+ Rn)}1/n -1

Variance

( Ri - R ) 2
`

Variance (

)=
(n -1)

Standard Deviation

( Ri - R ) 2
`

Std. Deviation ( ) = (n -1)

Regression

Y=a+bx

Probability Distribution