FORMULA SHEET

X
Population Mean  [1-1]
N

X
Sample Mean X  [1-2]
n

Mean of a discrete random variable [1-3]

Range Range = Largest value – Smallest value [1-4]

( X   ) 2
Population variance 2  [1-5]
N

( X   ) 2
Population standard deviation  [1-6]
N

( X  X ) 2
Sample variance s2  [1-7]
n 1

( X  X ) 2
Sample standard deviation s [1-8]
n 1

Variance of a discrete random variable [1-9]

Standard deviation of a discrete random variable [1-10]

 X 
Standard normal value z [2-1]



Standard error of mean x  [3-1]
n

X 
z-value,  and  known z [3-2]

n


Confidence interval for  , with  known X z [4-1]
n

s
Confidence interval for  , with  unknown X t [4-2]
n

X 
Testing a mean,  known z [5-1]

n

X 
Testing a mean,  unknown t [5-2]
s
n

X
Sample proportion p [6-1]
n
Source:
Basic Statistics for Business & Economics by Lind Douglas A., Marchal William G. &
Wathen, Samuel A. (2012) 8th Edition, McGraw-Hill
Source:
Basic Statistics for Business & Economics by Lind Douglas A., Marchal William G. &
Wathen, Samuel A. (2012) 8th Edition, McGraw-Hill
Source:
Basic Statistics for Business & Economics by Lind Douglas A., Marchal William G. &
Wathen, Samuel A. (2012) 8th Edition, McGraw-Hill
Source:
Basic Statistics for Business & Economics by Lind Douglas A., Marchal William G. &
Wathen, Samuel A. (2012) 8th Edition, McGraw-Hill
Source:
Basic Statistics for Business & Economics by Lind Douglas A., Marchal William G. &
Wathen, Samuel A. (2012) 8th Edition, McGraw-Hill