Professional Documents
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Chapter 03
Chapter 03
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
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
Dispersion
22
Samples of Dispersions
23
Measures of Dispersion
Range
Mean Deviation
24
EXAMPLE – Range
25
EXAMPLE – Mean Deviation
26
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?
27
EXAMPLE – Sample Variance
28
Relative Measures of Dispersion
29
Chebyshev’s Theorem
30
The Empirical Rule
31
The Arithmetic Mean of Grouped Data
32
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.
33
The Arithmetic Mean of Grouped Data -
Example
34
Standard Deviation of Grouped Data
35
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
36
End of Chapter 3
37