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- Macro Economics
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MEAN (X) The mean (or average) of a set of data values is the sum of all of the data values divided by the number of data values.

Individual Desecrate series Continues series

x X = N

fx X = f

fx X = f

3

MEADIAN(M)

The median of a set of data values is the middle value of the data set when it has been arranged in ascending order. That is, form the smallest value to the highest value.

Median Location = N + 1 M= 2

th

Item

The mode is simply the value of the relevant variable that occurs most often (i.e., has the highest frequency) in the sample

MEASURES OF DISPERSSIO N

ABSOLUTE MEASURES OF DISPERSSION RELATIVE MEASURES OF DISPERSSION BASED ON SELECTED ITEMS

O COFFICIENT

OF RANGE

O COFFIECIANT

OF QUARTILE DEVIATION

The range is defined as the difference between the largest score in the set of data and the smallest score in the set of data, L S. RANGE = L S Co-efficient of Range = L S L+S

7

The Inter-quartile range is defined as the difference of the first and third quartiles divided by two

The first quartile is the 25th percentile The third quartile is the 75th percentile

Mean Deviation The arithmetic mean of the absolute values of the deviations from the arithmetic mean.

dx n

The STANDARD DEVIATION is a number that measures how far away each number in a set of data is from their mean. =

dx2

N

(dx)2

N

dx2

N

(dx)2

N

10

CORRELATION means that between two series or groups of data, there exists some casual connection. - W. L. King Correlation analysis attempts to determine the degree of relation between variables. - Ya Lun Chaw

11

n

r =

(dx - dx)2

N

(dy dy)2

N

12

Index number is a single ratio which measures the combined change of several variables between two different times, places or situation. -A. M. Tuttle

13

P01=

X 100

P01=

P01=

2

14

p01= p0q0

p1q0 x p1q1

p0q1

X 100

X 100

15

X 100

16

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