Data-Descriptive Statistics

Mean House Price Mean Salary
Median House Price Median Salary
Salaries at
Salaries at Accounting
House Prices House Prices Accounting Firm Firm
$297,873 $103,332
$170,143 $120,102
$109,159 $144,354
$277,309 $138,409
$239,136 $93,949
$114,460 $59,915
$224,649 $54,594
$99,857 $92,784
$144,686 $550,250
$193,308 $59,196
$144,244 $58,072
$118,492 $51,671
$178,708 $119,001
$750,022 $126,737
$143,400 $105,127
$201,661 $139,330
$1,258,963 $109,151
$198,345 $119,831
$394,136 $255,800
$2,589,657 $790,500
$96,842
Rate Your
Professor Frequency
Bad << Mode is one that occurs most frequently
Okay
Good
Great Mode For Test Data
Test
Scores
Rate Your (Populatio
Professor n)
Okay 60
Good 68
Great 76
Bad 84
Bad 55
Bad 63
Bad 89
Good 31
Okay 47
Okay 68
Okay 54
Okay 58
Okay 57
Bad 61
Bad 72
Bad 91
Great 95
Good 68
Good 76
Bad 76
Lego Sets Sold During Christmas Lego Set COUNTIF
Kingdoms Set #7946 King's Castle 2257 Ninjago Spinjitzu Starter Set
Star War Hoth Wampa Set 8089 6166 Large Brick Box Building Blocks & Toys
6166 Large Brick Box Building Blocks & Toys City Exclusive Limited Edition Set #10211 Grand Emporium
Star War Hoth Wampa Set 8089 Community Minifigure 256 Pcs (LG-9348)
Kingdoms Set #7946 King's Castle Kingdoms Set #7946 King's Castle
Community Minifigure 256 Pcs (LG-9348) Star War Hoth Wampa Set 8089
Kingdoms Set #7946 King's Castle
6166 Large Brick Box Building Blocks & Toys
2257 Ninjago Spinjitzu Starter Set
City Exclusive Limited Edition Set #10211 Grand Emporium
Star War Hoth Wampa Set 8089
Community Minifigure 256 Pcs (LG-9348)
2257 Ninjago Spinjitzu Starter Set Data
City Exclusive Limited Edition Set #10211 Grand Emporium 6166 Large Brick Box Building Blocks & Toys
City Exclusive Limited Edition Set #10211 Grand Emporium Kingdoms Set #7946 King's Castle
City Exclusive Limited Edition Set #10211 Grand Emporium Star War Hoth Wampa Set 8089
2257 Ninjago Spinjitzu Starter Set 6166 Large Brick Box Building Blocks & Toys
Community Minifigure 256 Pcs (LG-9348) Kingdoms Set #7946 King's Castle
Star War Hoth Wampa Set 8089 Star War Hoth Wampa Set 8089
Star War Hoth Wampa Set 8089 Kingdoms Set #7946 King's Castle
Star War Hoth Wampa Set 8089 Star War Hoth Wampa Set 8089
AVEARGE MEDIAN MODE.SNGL PERCENTILE.INC PERCENTRANK.INC
Sample Data function function function function QUARTILE.INC function function
Quantitative Quantitative Categorical or
$16.00 Data Data Quatitative Data Quantitative Data Quantitative Data Quantitative Data
$15.00 Mean Median Mode Percentiles Quartiles
$14.00 $11.25 $10.50 $9.00 0.75 3 $14.25
$11.00 14.25 14.25 0.75
$10.00
$9.00
$9.00
calculated with: 6/8
$6.00
0.75
calculated with:
2/8
0.25
No. CPA Scores Percentile 90%
1 7
2 17 Percentile Inc
3 26 Percentile Exc
4 27
5 30
6 38
7 39
8 42
9 43
10 45
11 54
12 54
13 59
14 97
PERCENTILE.EXC
1 Can't use 0% or 100%
PERCENTILE.INC
1 Can use 0% and 100%
Quartile divides data set in 4 parts with 3 markers
Percentile divided data set in 2 with 1 marker
CPA Scores % Quartile QUARTILE.EXC QUARTILE.INC PERCENTILE.EXC PERCENTILE.INC
7 0.0% 0
17 25.0% 1
26 50.0% 2
27 75.0% 3
30 100.0% 4
38
39 0 = MIN
42 1 = 1st Quartile
43 2 = 2nd Quartile
45 3 = 3rd Quartile
54 4 = MAX
54
59
97
Days to Decimals for Deciles with MIN,
pay PERCENTILE PERCENTILE MEDIAN, QUARTILE
No. invoice function function MAX Function
1 13 Min 0 13
2 13 1st 0.1
3 13 2nd 0.2
4 20 3rd 0.3
5 26 4th 0.4
6 27 5th 0.5 39.5
7 31 6th 0.6
8 34 7th 0.7
9 34 8th 0.8
10 34 9th 0.9
11 35 Max 1 82 82
12 35
13 36
14 37
15 38
16 41
17 41
18 41
19 45
20 47
21 47
22 47
23 50
24 51
25 53
26 54
27 56
28 62
29 67
30 82
Test Scores Test ScoresWeight Weight*Test Scores
27 15
27 18
15 19
18 25
27 26
28 27
27 28
25 30
19 31
25
28
26 Weighted Mean
28 Weighted Mean ** SUMPRODUCT is specifically designed to multiply and then add two columns that are the same size.
26
28 Mean From Original Data
31
30
26
26
Age Quantitative: Integer, COUNTIFS
21 Lower Upper Age Frequency Midpoint
57 0 19 0 - 19 13
25 20 39 20 - 39 110
38 40 59 40 - 59 56
22 60 79 60 - 79 21
29 Total 200
18
64 Average Age 37.08
27
Average Age from
22 Grouped Data sumproduct
39 ** will not be the same as actual mean because we are
61 estimating the data points when we use midpoint for the
18 unknown data points
22
52
22
18
55
20
42
30
64
63
41
21
63
54
18
26
59
30
64
30
41
23
52
18
32
22
29
25
63
26
31
23
42
28
23
19
37
38
50
26
33
59
32
27
54
63
48
29
38
24
51
25
65
35
35
21
47
62
63
23
59
48
57
19
48
21
40
25
59
57
56
19
54
65
25
30
57
43
44
21
20
49
37
26
62
38
55
24
30
39
59
26
33
20
18
19
61
39
52
20
50
29
55
18
39
35
38
20
60
61
62
21
40
25
50
24
28
22
22
27
54
25
25
30
59
51
38
28
30
43
42
24
47
23
59
22
27
65
27
27
28
22
42
25
41
46
41
29
50
50
34
24
29
35
24
23
31
24
30
22
43
55
38
28
30
35
41
28
65
20
39
19
64
42
24
24
18
36
61
22
55
27
49
29
33
52
26
19
Min
18
Max
65
Percentage increase for Geometric mean 1: Use if you are averaging percentage
stock value each year change over time for the % change + 1 =
% change % change + 1 Count

0.15 1.15 Formula (GM1 = X1*X2*…Xn)^(1/n)-1
0.12 1.12 GEOMEAN GEOMEAN function
0.13 1.13 Mean > GM
0.16 1.16 Geometric mean 2: Use if you have begin number and
0.21 1.21 end number and you know the number of periods
Stock
Price
0.185 1.185 Year (Split Adj)
Whole Foods Stock
0.19 1.19 Price 1992 1992 6.75
Whole Foods Stock
0.02 1.02 Price 2005 2005 153.94
0.05 1.05
Periods = n
GEOMEAN (End/Beg)^(1/n)-1
check:
X Mean Stock A X Mean Stock B
Mean 4.1% 1 4.1% 3
Year Stock Return A, XStock Returns A Stock ReturStock Returns B

1995 5.0% 2 2.0% 4
1996 10.0% 2 4.0% 4
1997 12.0% 2 3.5% 4
1998 17.0% 2 5.5% 4
1999 19.0% 2 4.0% 4
2000 1.0% 2 4.2% 4
2001 -15.0% 2 4.3% 4
2002 -3.0% 2 4.7% 4
2003 3.0% 2 5.0% 4
2004 5.5% 2 5.1% 4
2005 10.0% 2 3.0% 4
2006 6.5% 2 2.9% 4
2007 -2.0% 2 4.6% 4
2008 -22.0% 2 4.9% 4
2009 15.0% 2 4.1% 4
Variability
Dispersion
Spread In Data
How Spread Out Is Data?
Are the Data Points Clustered Around the Mean?
Does the Mean Fairly Represent the Data Points?
Mean 4.1% 4.1% Range

Year Stock RetuStock Return B Maxlargest
the smallest and - Min data values
1995 5.0% 2.0% (extreme values).
1996 10.0% 4.0%
1997 12.0% 3.5% Stock RetuStock Return B
1998 17.0% 5.5% Max 19.0% 5.5%
1999 19.0% 4.0% Min -22.0% 2.0%
2000 1.0% 4.2% Range 41.0% 3.5%
2001 -15.0% 4.3%
2002 -3.0% 4.7% Interquartile Range
2003 3.0% 5.0% overcomesQuartile 3 - Quartile
the sensitivity 1
to extreme data
2004 5.5% 5.1% values.
2005 10.0% 3.0%
2006 6.5% 2.9% Quartile 1 -0.005 0.0375 1
2007 -2.0% 4.6% Quartile 3 0.11 0.048 3
2008 -22.0% 4.9% Interquartile Range
2009 15.0% 4.1%
Deviation
How far one datum is from the mean
Sample Standard Deviation
A Numerical Measure that says how much variability there is in the data points.
Standard Deviation Is Like An Average Of The Deviations
Standard Deviation tells us how fairly the mean represents its data points
Standard Deviation tells us how clustered the data points are around the mean.
Based on Average Returns, which stock do you prefer?
It is hard to know, without looking at the volitility of past stock returns.
Count
Count -1 Sample data divided by just the count underestimates
Mean = Xbar What minus one does: 10/5 = 2, but 10/(5-1) = 2.5
Year Stock Return A Deviation Deviation ^2 Stock Return B Deviation Deviation ^2
1995 5.0% 2.0%
1996 10.0% 4.0%
1997 12.0% 3.5%
1998 17.0% 5.5%
1999 19.0% 4.0%
2000 1.0% 4.2%
2001 -15.0% 4.3%
2002 -3.0% 4.7%
2003 3.0% 5.0%
2004 5.5% 5.1%
2005 10.0% 3.0%
2006 6.5% 2.9%
2007 -2.0% 4.6%
2008 -22.0% 4.9%
2009 15.0% 4.1%
Total
Sample Variance = s2 Units are squared

Sample Standard Deviation = s Square root to get back to same unit
STDEV.S (Standard Deviation for Sample)
The sample SD, s, is a point estimator of the popu
s = Numerical Measure of Risk of Stock (Volitility)
Which mean more fairly represnets its data point
ack to same unit
eviation for Sample)
a point estimator of the population SD, sigma σ
re of Risk of Stock (Volitility)
airly represnets its data points?
Wage Data
Sample1 Sample2
$12.00 $8.00
$15.00 $15.00
$19.00 $22.00
$13.00 $7.00
$11.00 $18.00
Sample1 Sample2
In Excel
you can
use the
function:
VAR.S
for
calculatin
Sample g Sample
Variance Variance
= s^2 10 41.5 VAR.S = s^2
In Excel
you can
use the
function:
STDEV.S
for
calculatin
Sample g Sample
Standard Standard
Deviation Deviation
=s 3.162278 6.442049 STDEV.S =s
In Excel
you can
use the
function:
VAR.P
for
calculatin
g
Populatio Populatio
n n
Variance Variance
= σ^2 8 33.2 VAR.P = σ^2
In Excel
you can
use the
function:
STDEV.P
for
calculatin
g
Populatio Populatio
n n
Standard Standard
Deviation Deviation
=σ 2.828427 5.761944 STDEV.P = σ
Return on stock 1 = 13%
Standard deviation on = 20%
historical returns stock 1
Xbar/s = (for every one unit of

dispersion (risk), how much return
Coefficient of Variance = s ÷ Xbar = CV are you getting)
Coefficient of Variance for stock 1 = 20% ÷ 13% = 1.538 65.00%
There is more dispersion relative to the mean for stock 2

We can also say: For every 1% of return,
we have 1.94% standard deviation (proxy for risk)
*Notice that we keep the units because there were
different units in the numerator & denominator
Compare Relative Variability (Dispersi
Mean bonus paid per employee =

Standard deviation =
Coefficient of Variance =
There is more variability relative to the mean in the

compared with the distribution of years worked
*Notice here that the units cancel out
Variability (Dispersion) in Two Distributions
$2,000 Mean years worked = 15

$755 Standard deviation = 3
38% Coefficient of Variance = 20%
elative to the mean in the distribution of bonus paid

bution of years worked
ts cancel out
reveal patterns in raw data.
Product
(Boomer
Date Custome Payment ang
No. (2010) r Age Coupon Method Name) Region Price Units Sales Sales
1 5/22 21 Coupon Mastercar Carlota West $22.95 2 $45.90
2 6/29 57 Coupon Mastercar Yanaki West $19.95 1 $19.95 Mean
3 11/5 25 No CouponMastercar Aspen East $21.95 1 $21.95 Standard Error
4 8/31 38 No CouponAmerican EYanaki West $19.95 1 $19.95 Median
5 5/30 22 Coupon Visa Yanaki West $19.95 4 $79.80 Mode
6 10/5 29 Coupon PayPal Yanaki South $19.95 4 $79.80 Standard Deviat
7 3/22 18 Coupon Visa Yanaki West $19.95 3 $59.85 Sample Variance
8 6/14 64 No CouponDiscover Yanaki West $19.95 7 $139.65 Kurtosis
9 5/9 27 No CouponAmerican EYanaki West $19.95 6 $119.70 Skewness
10 8/28 22 No CouponVisa Aspen West $21.95 2 $43.90 Range
11 11/30 39 Coupon PayPal Aspen Mid West $21.95 2 $43.90 Minimum
12 9/13 61 No CouponMastercar Yanaki Mid West $19.95 5 $99.75 Maximum
13 10/23 18 No CouponVisa Carlota Mid West $22.95 5 $114.75 Sum
14 9/19 22 No CouponPayPal Carlota West $22.95 4 $91.80 Count
15 9/20 52 No CouponAmerican ECarlota Mid West $22.95 5 $114.75 Largest(1)
16 1/18 22 Coupon Visa Carlota West $22.95 1 $22.95 Smallest(1)
17 7/28 18 No CouponDiscover Sunset West $24.95 5 $124.75 Confidence Leve
18 6/6 55 No CouponPayPal Yanaki South $19.95 1 $19.95
19 1/30 20 No CouponPayPal Aspen East $21.95 4 $87.80
20 10/9 42 Coupon PayPal Carlota Mid West $22.95 1 $22.95
21 7/4 30 No CouponPayPal Delicate ArSouth $29.95 10 $299.50
22 11/8 64 Coupon Visa Yanaki Mid West $19.95 1 $19.95
23 6/9 63 Coupon PayPal Yanaki Mid West $19.95 5 $99.75
24 3/17 41 Coupon Mastercar Yanaki South $19.95 2 $39.90
25 4/7 21 No CouponVisa Aspen East $21.95 3 $65.85
26 1/5 63 No CouponPayPal Sunset East $24.95 1 $24.95
27 7/22 54 No CouponAmerican EAspen West $21.95 1 $21.95
28 11/12 18 No CouponAmerican EYanaki West $19.95 1 $19.95
29 5/11 26 No CouponDiscover Carlota West $22.95 4 $91.80
30 4/14 59 No CouponPayPal Aspen Mid West $21.95 3 $65.85
31 8/11 30 No CouponDiscover Yanaki West $19.95 2 $39.90
32 11/14 64 No CouponVisa Aspen West $21.95 2 $43.90
33 1/21 30 No CouponPayPal Aspen West $21.95 3 $65.85
34 4/12 41 Coupon American EAspen West $21.95 2 $43.90
36 10/19 52 Coupon Visa Delicate ArWest $29.95 1 $29.95
38 9/19 32 No CouponPayPal Carlota West $22.95 1 $22.95
39 1/17 22 Coupon American EYanaki Mid West $19.95 1 $19.95
40 3/15 29 Coupon PayPal Yanaki South $19.95 5 $99.75
41 12/16 25 No CouponMastercar Bellen Mid West $24.95 5 $124.75
43 5/13 26 No CouponMastercar Sunset Mid West $24.95 7 $174.65
44 3/3 31 Coupon Discover Delicate ArWest $29.95 1 $29.95
45 4/30 23 No CouponPayPal Delicate ArMid West $29.95 5 $149.75
46 7/11 42 Coupon PayPal Delicate ArMid West $29.95 1 $29.95
47 3/22 28 Coupon Visa Carlota East $22.95 2 $45.90
48 8/27 23 No CouponVisa Carlota West $22.95 7 $160.65
49 11/16 19 No CouponMastercar Carlota Mid West $22.95 7 $160.65
50 1/26 37 Coupon Visa Yanaki West $19.95 6 $119.70
51 5/6 38 No CouponMastercar Aspen East $21.95 2 $43.90
52 3/18 50 Coupon Mastercar Yanaki Mid West $19.95 6 $119.70
53 4/16 26 No CouponDiscover Aspen West $21.95 3 $65.85
54 1/5 33 No CouponPayPal Carlota South $22.95 1 $22.95
55 11/9 59 No CouponPayPal Aspen Mid West $21.95 3 $65.85
56 7/29 32 No CouponVisa Aspen Mid West $21.95 5 $109.75
57 12/7 27 No CouponVisa Carlota Mid West $22.95 5 $114.75
58 11/22 54 Coupon American EBellen West $24.95 10 $249.50
60 6/1 48 No CouponVisa Carlota East $22.95 5 $114.75
61 5/2 29 No CouponAmerican ECarlota East $22.95 5 $114.75
62 6/13 38 Coupon Visa Delicate ArWest $29.95 4 $119.80
63 2/16 24 Coupon Mastercar Delicate ArEast $29.95 1 $29.95
65 11/1 25 Coupon Mastercar Delicate ArWest $29.95 7 $209.65
67 8/17 35 No CouponPayPal Yanaki Mid West $19.95 3 $59.85
68 9/27 35 No CouponMastercar Sunset East $24.95 5 $124.75
69 1/9 21 No CouponVisa Yanaki Mid West $19.95 2 $39.90
70 10/10 47 No CouponMastercar Sunset West $24.95 5 $124.75
71 12/31 62 No CouponDiscover Sunset East $24.95 1 $24.95
72 12/6 63 No CouponPayPal Carlota East $22.95 1 $22.95
73 3/18 23 No CouponAmerican EBellen Mid West $24.95 10 $249.50
74 3/22 59 No CouponVisa Yanaki South $19.95 3 $59.85
75 9/14 48 Coupon Visa Aspen West $21.95 2 $43.90
76 2/9 57 No CouponMastercar Yanaki South $19.95 1 $19.95
77 3/24 19 No CouponDiscover Delicate ArMid West $29.95 1 $29.95
78 7/28 48 Coupon Mastercar Yanaki Mid West $19.95 1 $19.95
79 8/26 21 Coupon Mastercar Aspen South $21.95 3 $65.85
80 3/5 40 No CouponAmerican ECarlota West $22.95 1 $22.95
84 7/5 56 Coupon Discover Carlota West $22.95 1 $22.95
85 4/16 19 No CouponVisa Yanaki West $19.95 1 $19.95
86 12/23 54 No CouponVisa Aspen Mid West $21.95 5 $109.75
87 5/29 65 No CouponPayPal Delicate ArMid West $29.95 2 $59.90
88 5/1 25 Coupon PayPal Aspen West $21.95 2 $43.90
89 7/3 30 No CouponAmerican EYanaki West $19.95 2 $39.90
90 8/12 57 No CouponMastercar Delicate ArWest $29.95 7 $209.65
91 6/21 43 Coupon PayPal Yanaki West $19.95 1 $19.95
92 12/15 44 No CouponMastercar Yanaki South $19.95 4 $79.80
93 5/25 21 No CouponPayPal Bellen East $24.95 5 $124.75
94 3/23 20 No CouponPayPal Bellen West $24.95 1 $24.95
95 1/22 49 Coupon Visa Carlota West $22.95 7 $160.65
96 9/26 37 No CouponMastercar Aspen South $21.95 3 $65.85
98 7/24 62 No CouponMastercar Delicate ArEast $29.95 1 $29.95
99 4/27 38 No CouponPayPal Yanaki West $19.95 6 $119.70
101 3/3 24 Coupon American EYanaki East $19.95 2 $39.90
102 3/23 30 No CouponPayPal Carlota Mid West $22.95 5 $114.75
103 12/5 39 Coupon Visa Aspen Mid West $21.95 1 $21.95
104 11/11 59 Coupon PayPal Delicate ArSouth $29.95 6 $179.70
105 4/13 26 No CouponDiscover Yanaki East $19.95 2 $39.90
106 12/13 33 No CouponVisa Sunset Mid West $24.95 1 $24.95
107 10/5 20 No CouponVisa Bellen West $24.95 4 $99.80
108 1/2 18 No CouponVisa Aspen West $21.95 4 $87.80
109 11/4 19 Coupon PayPal Yanaki East $19.95 2 $39.90
111 10/2 39 Coupon PayPal Yanaki East $19.95 10 $199.50
112 12/26 52 Coupon Discover Aspen West $21.95 1 $21.95
113 11/5 20 No CouponVisa Sunset West $24.95 5 $124.75
114 11/15 50 No CouponVisa Delicate ArWest $29.95 1 $29.95
115 6/27 29 Coupon PayPal Aspen South $21.95 1 $21.95
117 9/25 18 No CouponAmerican EDelicate ArWest $29.95 3 $89.85
118 1/24 39 Coupon Mastercar Aspen Mid West $21.95 3 $65.85
119 1/4 35 No CouponVisa Carlota South $22.95 4 $91.80
120 5/6 38 Coupon American EBellen South $24.95 6 $149.70
121 6/22 20 No CouponVisa Yanaki East $19.95 3 $59.85
122 7/12 60 No CouponDiscover Aspen Mid West $21.95 6 $131.70
126 3/28 40 No CouponDiscover Aspen South $21.95 1 $21.95
128 11/18 50 No CouponMastercar Yanaki West $19.95 2 $39.90
130 8/11 28 Coupon PayPal Carlota West $22.95 5 $114.75
134 9/16 54 Coupon Visa Sunset West $24.95 7 $174.65
135 2/1 25 No CouponMastercar Bellen West $24.95 1 $24.95
137 8/30 30 No CouponPayPal Yanaki East $19.95 1 $19.95
141 4/23 28 No CouponPayPal Carlota South $22.95 7 $160.65
142 11/18 30 Coupon Discover Aspen West $21.95 1 $21.95
143 10/28 43 No CouponVisa Bellen South $24.95 5 $124.75
144 8/14 42 No CouponPayPal Delicate ArWest $29.95 3 $89.85
145 5/5 24 No CouponVisa Bellen Mid West $24.95 2 $49.90
146 8/25 47 Coupon Visa Carlota Mid West $22.95 1 $22.95
149 7/25 22 Coupon Mastercar Carlota West $22.95 4 $91.80
150 9/30 27 Coupon Visa Bellen Mid West $24.95 2 $49.90
151 10/3 65 No CouponDiscover Aspen East $21.95 1 $21.95
153 12/15 27 No CouponAmerican ECarlota East $22.95 1 $22.95
155 7/23 22 Coupon PayPal Bellen West $24.95 1 $24.95
157 12/4 25 No CouponAmerican EDelicate ArEast $29.95 6 $179.70
158 1/8 41 Coupon Mastercar Aspen West $21.95 1 $21.95
159 6/2 46 Coupon PayPal Bellen West $24.95 1 $24.95
160 8/18 41 No CouponDiscover Sunset West $24.95 3 $74.85
163 12/31 50 Coupon Visa Carlota Mid West $22.95 1 $22.95
164 4/30 34 Coupon PayPal Carlota Mid West $22.95 2 $45.90
165 3/16 24 Coupon American EAspen West $21.95 3 $65.85
169 12/13 23 Coupon Visa Aspen South $21.95 5 $109.75
170 3/27 31 No CouponPayPal Carlota Mid West $22.95 7 $160.65
171 10/8 24 Coupon PayPal Bellen Mid West $24.95 2 $49.90
172 8/3 30 No CouponVisa Carlota Mid West $22.95 1 $22.95
174 3/2 43 No CouponVisa Carlota East $22.95 3 $68.85
176 5/6 38 No CouponAmerican EDelicate ArWest $29.95 1 $29.95
177 3/10 28 Coupon Visa Yanaki West $19.95 2 $39.90
178 11/18 30 Coupon PayPal Aspen Mid West $21.95 2 $43.90
179 1/30 35 Coupon Discover Yanaki West $19.95 1 $19.95
181 10/13 28 Coupon Discover Yanaki East $19.95 5 $99.75
182 2/7 65 No CouponDiscover Bellen Mid West $24.95 7 $174.65
183 6/5 20 No CouponMastercar Aspen West $21.95 3 $65.85
185 12/13 19 No CouponVisa Aspen East $21.95 4 $87.80
187 12/22 42 Coupon PayPal Yanaki South $19.95 5 $99.75
190 6/20 18 No CouponAmerican EBellen Mid West $24.95 4 $99.80
191 4/30 36 Coupon Mastercar Bellen East $24.95 1 $24.95
195 11/4 27 No CouponAmerican ESunset West $24.95 3 $74.85
Sales
75.05775
3.924790589067
59.85
19.95
55.50492080533
3080.796233606
1.386185115591
1.214194176796
279.55
19.95
299.5
15011.55
200
299.5
19.95
7.739516486928
values, the skew is positive, or to the right. If the average is being pulled down by a few small
values, the skew is negative, or to the left. Range of Skew is between -3 and 3.
If the Skew is 0, the Mean = Median = Mode = Normal or Bell Distribution
We can use the SKEW function to calculate the Skew
Moderate Skew No Skew Highly Skewed
Negative (Left) Skew

small values pull Mean No Skew (Normal or Bell) Positive (Right) Skew
down Mean = Median = Mode big values pull Mean up
count = n 10 10 10
Kurtosis -0.7 -1.1 1.4
Skew -0.6 0.0 1.6
Mean 33 25 14
Median 35 25 9
Mode 43 25 7
Moderate Skew No Skew Highly Skewed
Data 1 Data 2 Data 3
7 8 1
43 15 7
33 11 7
21 21 12
15 25 11
31 25 14
36 27 2
43 35 1.9
48 38 39
49 41 49

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Mean House Price Mean Salary

Median House Price Median Salary

% change % change + 1 Count

Year Stock Return A, XStock Returns A Stock ReturStock Returns B

Mean 4.1% 4.1% Range

Sample Variance = s2 Units are squared

Xbar/s = (for every one unit of

There is more dispersion relative to the mean for stock 2

Mean bonus paid per employee =

There is more variability relative to the mean in the

$2,000 Mean years worked = 15

38% Coefficient of Variance = 20%

elative to the mean in the distribution of bonus paid

Moderate Skew No Skew Highly Skewed

Negative (Left) Skew

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