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For Company A
No. of employees = n1 = 900, and average daily wages = ȳ 1 = Rs. 250
For Company B
No. of employees = n2 = 1000, and average daily wages = ȳ2 = Rs. 220
So, Total wages = Total employees × average daily wage = 1000 × 220
= Rs. 220000 … (ii)
Comparing (i), and (ii), we see that Company A has a larger wage bill.
For Company A
For Company B
Comparing (i), and (ii), we see that Company B has greater variability.
The average daily wages for both the companies taken together
ȳ = (n1 ȳ 1 + n2 ȳ 2)⁄( n1 + n2) = (900 × 250 + 1000 × 220) ÷ (900 + 1000) =
The combined variance, σ2 = (1/ n1 + n2) ÷ [n1 (σ1 2 + d1 2) + n2 (σ2 2 +
d2 2)]
Here, d1 = ȳ1 − ȳ = 250 – 234.21 = 15.79, d2 = ȳ2 − ȳ = 220 – 234.21 =
– 14.21.
Measures of Dispersion
Range, Standard Deviation, Variance, Mean Absolute Deviation
https://mathbits.com/MathBits/TISection/Statistics2/dispersion.htm
Problem: For the data set {10, 12, 40, 35, 14, 24, 13, 21, 42, 30}, find the range, the
standard deviation, the variance, and the mean absolute deviation to the nearest
hundredth.
Range = 32
= mean
= first quartile
= median (second quartile)
= third quartile
To find variance:
To find variance: The "population" variance is
the square of the population standard
deviation.
NOTE! The variance found in
the CATALOG and also found by 2nd List →
MATH #8 variance are both Sample variances.
Example Question
https://byjus.com/maths/dispersion/
Question: Find the Variance and Standard Deviation of the Following Numbers: 1, 3, 5, 5, 6, 7,
9, 10.
Solution: The mean = (1+ 3+ 5+ 5+ 6+ 7+ 9+ 10)/8 = 46/ 8 = 5.75
Step 1: Subtract the mean value from individual value
(1 – 5.75), (3 – 5.75), (5 – 5.75), (5 – 5.75), (6 – 5.75), (7 – 5.75), (9 – 5.75), (10 – 5.75)
= -4.75, -2.75, -0.75, -0.75, 0.25, 1.25, 3.25, 4.25
Step 2: Squaring the above values we get, 22.563, 7.563, 0.563, 0.563, 0.063, 1.563, 10.563,
18.063
Step 3: 22.563 + 7.563 + 0.563 + 0.563 + 0.063 + 1.563 + 10.563 + 18.063
= 61.504
Step 4: n = 8, therefore variance (σ2) = 61.504/ 8 = 7.69
Now, Standard deviation (σ) = 2.77
Find the Range, Standard Deviation, and Variance for the above data.
What does this information tell you about the variability of student's length of
time on the computer solving trigonometry problems? Is it homogeneous or
heterogeneous?
49 2401
48 2304
43 1849
39 1521
34 1156
33 1089
28 784
27 729
25 625
25 625
22 484
22 484
22 484
20 400
15 225
452 15160
Standard Deviation
S = 15 (15160) - 4522
15 (15-1)
S = 10.48718
Variance
The variance is 109.98095. The standard deviation is 10.48718. The variance is the
square of the standard deviation. 10.48718 squared is equal to 109.98095.
S2 = 109.98095
Range
The range is 34. The high score is 49; the low score is 15. 49 - 15 = 34.
Range = 34
Bailey has been playing golf on the weekends for the past three years. Recently, she
started keeping track of her recorded scores. Her scores for June and July at her
favorite 9-hole (par 36) golf course are provided below.
45
49
42
56
41
36
34
38
41
40
42
41
39
38
40
39
36
41
Find the Range, Standard Deviation, and Variance for the above data.
What does this information tell you about the variability of Bailey's golf game?
Bailey has been playing golf on the weekends for the past three years. Recently, she
started keeping track of her recorded scores. Her scores for June and July at her
favorite 9-hole (par 36) golf course are provided below.
45
49
42
56
41
36
34
38
41
40
42
41
39
38
40
39
36
41
Find the Range, Standard Deviation, and Variance for the above data.
What does this information tell you about the variability of Bailey's golf game?
Practice Problems: Measures of Variability - Answer
Bailey has been playing golf on the weekends for the past three years.
Recently, she started keeping track of her recorded scores. Her scores for June
and July at her favorite 9-hole (par 36) golf course are provided below.
X X2
56 3136
49 2401
45 2025
42 1764
42 1764
41 1681
41 1681
41 1681
41 1681
40 1600
40 1600
39 1521
39 1521
38 1444
38 1444
36 1296
36 1296
34 1156
738 30692
Standard Deviation
S = 18 (30692) - 7382
18 (18-1)
S = 5.0526638
Variance
The variance is 25.529412. The standard deviation is 5.0526638. The variance
is the square of the standard deviation. 5.0526638 squared is equal to
25.529412.
S2 = 25.529412
Range
The range is 22. The high score is 56; the low score is 34. 56 - 34 = 22.
Range = 22