Professional Documents
Culture Documents
Numerical Measures
Chapter 3
3
Population Mean
4
EXAMPLE – Population Mean
5
Sample Mean
6
EXAMPLE – Sample Mean
7
Properties of the Arithmetic Mean
8
Weighted Mean
9
EXAMPLE – Weighted Mean
10
The Median
11
Properties of the Median
12
EXAMPLES - Median
13
The Mode
14
Example - Mode
15
Mean, Median, Mode Using Excel
Table 2–4 in Chapter 2 shows the prices of the 80 vehicles sold last month at Whitner Autoplex in
Raytown, Missouri. Determine the mean and the median selling price. The mean and the median
selling prices are reported in the following Excel output. There are 80 vehicles in the study. So the
calculations with a calculator would be tedious and prone to error.
16
Mean, Median, Mode Using Excel
17
The Relative Positions of the Mean,
Median and the Mode
18
The Geometric Mean
19
EXAMPLE – Geometric Mean
20
EXAMPLE – Geometric Mean (2)
21
EXAMPLE – Geometric Mean (3)
22
Dispersion
23
Samples of Dispersions
24
Measures of Dispersion
Range
Mean Deviation
25
EXAMPLE – Range
26
EXAMPLE – Mean Deviation
27
EXAMPLE – Comparing Dispersion
of Two Samples
28
EXAMPLE – Comparing Dispersion
of Two Samples
29
EXAMPLE – Comparing Dispersion
of Two Samples
30
EXAMPLE – Comparing Dispersion
of Two Samples
31
EXAMPLE – Comparing Dispersion
of Two Samples
32
EXAMPLE – Variance and Standard
Deviation
The number of traffic citations issued during the last five months in
Beaufort County, South Carolina, is 38, 26, 13, 41, and 22. What
is the population variance?
33
EXAMPLE – Variance and Standard
Deviation
34
EXAMPLE – Sample Variance
35
Chebyshev’s Theorem
36
The Empirical Rule
37
The Arithmetic Mean of Grouped Data
38
The Arithmetic Mean of Grouped Data -
Example
Recall in Chapter 2, we
constructed a frequency
distribution for the vehicle
selling prices. The
information is repeated
below. Determine the
arithmetic mean vehicle
selling price.
39
The Arithmetic Mean of Grouped Data -
Example
40
Standard Deviation of Grouped Data
41
Standard Deviation of Grouped Data -
Example
Refer to the frequency distribution for the Whitner Autoplex data
used earlier. Compute the standard deviation of the vehicle
selling prices
42
End of Chapter 3
43