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Submitted to Prof.

Sneha Kotian
By Rohan Mahajan Darshani Jawale

Statistics: The science of collecting, organizing, presenting, analyzing and interpreting data to assist in making more effective decisions.

A Complete Overview
Interpret data Present data Analyse data Organize data Collect data

1. Mean is the Average of a group of numbers or a set of data .To find the mean, find the sum of the data and then divide the sum by the number of data. 2. In this study, the mean wealth is $ 4.75 billions. The formula used is

What is Median ?
1. Median is the middle value in the list, when the data is Arranged in numerical order. 2.In this study the observed median is $ 3.5 billions The formula used is

1.The lower quartile (Q1) is the median of the lower half of the data set. 2.The upper quartile (Q3) is the median of the upper half of the data set. 3.The interquartile range (IQR) is the spread of the middle 50% of the data values.

Interpretation of quartiles

In this data study the values of Q1 & Q3 are 1.75 & 6.25 respectively

Standard Deviation
1. A measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance.

Interpretation of (

The given data of billionaires displays a Standard Deviation of 4.87. Variance of Standard Deviation i.e. is 23.72 . The C0-efficient of Variation is 0.5625 measured with the help of formula as follows..