Draswa Chapter2descriptivestatistics 28week3!29!281 29
Draswa Chapter2descriptivestatistics 28week3!29!281 29
Draswa Chapter2descriptivestatistics 28week3!29!281 29
Descriptive Statistics
Measures of
Central Tendency
Measures of Central Tendency
Example:
Calculate the median age of the seven employees.
53 32 61 57 39 44 57
To find the median, sort the data.
32 39 44 53 57 57 61
The median age of the employees is 53 years.
Computing the Median
The mode of a data set is the data entry that occurs with
the greatest frequency. If no entry is repeated, the data
set has no mode.
Example:
Find the mode of the ages of the seven employees.
53 32 61 57 39 44 57
The mode is 57 because it occurs the most times.
Outlier
An outlier is a data entry that is far removed from the
other entries in the data set.
Example:
A 29-year-old employee joins the company and the ages of the
employees are now:
53 32 61 57 39 44 57 29
Recalculate the mean, the median, and the mode. Which measure
of central tendency was affected when this new age was added?
Grouped data
with frequency
distribution
Grouped data
with frequency
distribution
Mean of a Frequency Distribution for grouped
data
Example:
The following data are the closing prices for a certain stock
on ten successive Fridays. Find the range.
Stock 56 56 57 58 61 63 63 67 67 67
! ∑ #$ !
∑ # $%
Population variance = 𝜎 ! = %
&
“sigma squared”
∑ #$ !
∑ #! $%
Population standard deviation = 𝜎 = 𝜎 ! = %
&
“sigma”
Finding the Population Standard
Deviation
Example:
The following data are the closing prices for a certain stock on five
successive Fridays. The population mean is 61. Find the population
standard deviation.
Always positive!