Step 01: Collect your data

Table 7-1 Number of family members who are earning

Answer Percent (%) Count(N)

None 7.50% 1707
1 25.55% 5818
2 29.03% 6609
3 17.39% 3960
4 12.37% 2816
5 4.45% 1014
6 and above 3.72% 846
Total 100.00% 22770
Mean 3.30
Confidence Interval @ 95% [3.279 - 3.317]
Standard Deviation 1.46
Standard Error 0.010

Step 02: Find the mean

Mean

¿ ( 0∗0.0750 ) + ( 1∗0.25 ) + ( 2∗0.29 ) + ( 3∗0.17 ) + ( 4∗0.12 )+ (5∗0.04 ) + ( 6∗0.03 )

¿ 2.298 3

Step 03: Calculate the differences from the mean

Subtract the sample mean (x̅ ) from each data point (X).

Difference = X – 2.3

 45, difference = X – x̅ = 45 – 50 = – 4
 67, difference = X – x̅ = 67 – 50 = 17
 30, difference = X – x̅ = 30 – 50 = – 20
 58, difference = X – x̅ = 58 – 50 = 8
  50, difference = X – x̅ = 50 – 50 = 0

Step 04: Square the differences

Square each difference acquired in the previous step.

Squared difference = (X – x̅ )2

 45, Squared difference = (X – x̅ )2 = (45 – 50)2 = (- 4)2 = 16

 67, Squared difference = (X – x̅ )2 = (67 – 50)2 = (17)2 = 289
 30, Squared difference = (X – x̅ )2 = (30 – 50)2 = (- 20)2 = 400
 58, Squared difference = (X – x̅ )2 = (58 – 50)2 = (8)2 = 64
 50, Squared difference = (X – x̅ )2 = (50 – 50)2 = (0)2 = 0

Step 05: Sum the squared differences

Add all the squared differences together.

∑(squared difference) = ∑[(X – x̅ )2]= 16 + 289 + 400 + 64 + 0 = 769

Step 06: Calculate the variance

To get the variance, divide the sum of squared differences by (n – 1).

 Variance (S²) = Σ(squared difference) / (n – 1) = 769/4 = 192.25

Step 07: Calculate the standard deviation

Finally, calculate the standard deviation by taking the square root of the
variance.

 Standard Deviation (S) = √variance = √ 192.25 = 13.875