WFM 5201: Data Management and Statistical Analysis: Lecture-2: Descriptive Statistics
WFM 5201: Data Management and Statistical Analysis: Lecture-2: Descriptive Statistics
April, 2008
WFM 5201: Data Management and Statistical Analysis © Dr. Akm Saiful Islam
Descriptive Statistics
Measures of Central Tendency
Measures of Location
Measures of Dispersion
Measures of Symmetry
Measures of Peakdness
WFM 5201: Data Management and Statistical Analysis © Dr. Akm Saiful Islam
Measures of Location
Measures that are allied to the median include
the quartiles, deciles and percentiles, because
they are also based on their position in a series
of observations.
Measures of Location
Quartile
One fourth (1/4)
First (1/4), Second (1/2), Third (3/4)
Decile
One tenth (1/10)
10%, 20%, …90%
Percentile
One of hundreds (1/100)
1%, 2%, ….99%
WFM 5201: Data Management and Statistical Analysis © Dr. Akm Saiful Islam
Quartile
h i
Qi Li n F , i 1, 2, 3
fi 4
Decile
h i
Pi Li n F , i 1, 2, 3
fi 10
Percentile
h i
Pi Li n F , i 1, 2, 3
fi 100
1
we note that (29 12) 3.48,
which is not an
100
integer. Thus the next higher integer 4 here
will determine the 29th percentile value.
On inspection P29 = 23
WFM 5201: Data Management and Statistical Analysis © Dr. Akm Saiful Islam