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Statistic Economic - STATISTIC DESCRIPTIVE (Ungroup Data) PDF
Statistic Economic - STATISTIC DESCRIPTIVE (Ungroup Data) PDF
Ungroup Data
DESCRIPTIVE
STATISTIC MEASURES OF Mean
CENTRAL
TENDENCY Median
Modus
Quartiles, Deciles,
DESCRIPTIVE Percentiles
STATISTIC MEASURE OF Range
DISPERSION
Standard Deviation
Variance
MEAN THE WEIGHTED MEAN
MEASURES
OF CENTRAL
TENDENCY
When: When:
µ : population mean Wi :weight assigned to the i th data
π : sample mean value
Mean N : population mean Xi :the i th data value
N : sample mean
Xi : the i th data value in the sample
∑ Xi : the sum of number of data values
As an example of the calculation of a population mean, consider the following data
for shipments of peanuts from a hypothetical U.S. exporter to five Canadian cities.
Median &
Modus
Mean vs Mean > median > mode Mean < median < mode
Median vs
Mode
FORMULA EXAMPLE
461,6
= =83,32
5
VARIANCE STANDARD DEVIATION
MEASURE OF The variance, a common measure The positive square root of the
variance
of dispersion
DISPERSION
Where :
Variance σ2 = population variance
S2 = sample variance
& µ = population mean
Standard xi = the i th data value
N = number of data values in the population
Deviation n = number of data values in the sample
CITY PEANUT Residual Residual
(xi) (xi - x ) (xi - x )2
= 10.474,64=102, 35