Name: John Carlo S. Mallabo Year&Course: Bs Cpe: Topic 5

NAME: John Carlo S.
Mallabo YEAR&COURSE: BS CpE – 1B
Topic 5: MEASURE OF VARIABILITY
Objectives.
a. Explain the importance of the measures of variability in describing the

characteristics of a set of data.
The measures of variability is very important in describing a data because using

measure of variability we can determine if the scores in a distribution are all the same,
then there is no variability. If there are small differences between scores, then the
variability is small, and if there are large differences between scores, then the variability
is large. Also it measures how well an individual score (or group of scores) represents the
entire distribution. Meaning to say this aspect of variability is very important for inferential
statistics where relatively small samples are used to answer questions about populations.
b. Describe the set of data by using the measures of variability.

Using the measure of variability to be specific the range we can determine the
difference between largest and smallest measures in a data set. We can compute the
range using the formula range= largest max – min. using that formula we can
determine the range in our data set.
If you are dealing with more complex interval and ratio levels, the standard deviation and
variance are also applicable. Where variance is the average of squared deviations from
the mean. A deviation from the mean is how far a score lies from the mean.
Variance is the square of the standard deviation. This means that the units of variance
are much larger than those of a typical value of a data set.
While it’s harder to interpret the variance number intuitively, it’s important to calculate
variance for comparing different data sets in statistical tests like ANOVAs.
Variance reflects the degree of spread in the data set. The more spread the data, the
larger the variance is in relation to the mean.
To get variance, square the standard deviation.
s = 95.5
s2 = 95.5 x 95.5 = 9129.14
The variance of your data is 9129.14.

To find the variance by hand, perform all of the steps for standard deviation except for the final
step.
Variance formula for populations
Formula Explanation
 σ2 = population variance
 Σ = sum of…
 Χ = each value
 μ = population mean
 Ν = number of values in the population
Variance formula for samples

Formula Explanation
 s2 = sample variance
 Σ = sum of…
 Χ = each value
 = sample mean
 n = number of values in the sample
The standard deviation is the average amount of variability in your dataset.
It tells you, on average, how far each score lies from the mean. The larger the
standard deviation, the more variable the data set is.
There are six steps for finding the standard deviation by hand:
1. List each score and find their mean.

2. Subtract the mean from each score to get the deviation from the mean.
1. Square each of these deviations.
3. Add up all of the squared deviations.
4. Divide the sum of the squared deviations by n – 1 (for a sample) or N (for a
population).
5. Find the square root of the number you found.
In a set of data the coefficient of variation (relative standard deviation) is a statistical

measure of the dispersion of data points around the mean. The metric is commonly used
to compare the data dispersion between distinct series of data. Unlike the standard
deviation that must always be considered in the context of the mean of the data, the
coefficient of variation provides a relatively simple and quick tool to compare different
data series.
To be able to find the variation of the data set here is the formula
Formula for Coefficient of Variation
Mathematically, the standard formula for the coefficient of variation is expressed in the following
way:
Where:
 σ – the standard deviation

 μ – the mean
In the context of finance, we can re-write the above formula in the following way:
c. Find the range, variance, standard deviation, and coefficient of variance

For example you have a set of data
For example you will find the range of the data set from the scores of exam of 6
students.
Set of data:
5, 8, 9, 10, 13, 21
Formula:
range= largest max – min
=21- 5
= 16 is the range of the data.
Sorry ma’am I don’t have ideas anymore.
d. Develop critical thinking skills giving findings, making informed conclusions and
inference using the measures of variability
In conclusion measures of variability is important but we should remember that it
will still depends on the situation. Every part of the measures of variability it is important.
It is important because it describes how scores in a given dataset differ from one
another.
References
“Measures of variability”
https://www.slideshare.net/syedaumme/measures-of-variability-
71505740?fbclid=IwAR2qqehyBxIp8RavzQ0WLTgYpq5CIp9yZn5DlBw3QPAgwo
OCWG56E5a9Mz0
“ Range and Variance”
https://www.scribbr.com/statistics/variability/#:~:text=Measures%20of%20variabil
ity,-
Published%20on%20September&text=Variability%20describes%20how%20far%
20apart,as%20spread%2C%20scatter%20or%20dispersion.
“Variation “
https://corporatefinanceinstitute.com/resources/knowledge/other/coefficient-of-
variation/

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NAME: John Carlo S.

Mallabo YEAR&COURSE: BS CpE – 1B

Topic 5: MEASURE OF VARIABILITY

a. Explain the importance of the measures of variability in describing the

The measures of variability is very important in describing a data because using

b. Describe the set of data by using the measures of variability.

To get variance, square the standard deviation.

s2 = 95.5 x 95.5 = 9129.14

The variance of your data is 9129.14.

Variance formula for samples

The standard deviation is the average amount of variability in your dataset.

1. List each score and find their mean.

In a set of data the coefficient of variation (relative standard deviation) is a statistical

 σ – the standard deviation

c. Find the range, variance, standard deviation, and coefficient of variance

Sorry ma’am I don’t have ideas anymore.

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