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Busstat Module 2

The document provides information on descriptive statistics including measures of central tendency (mean, median, mode), measures of variation (range, interquartile range, variance, standard deviation, coefficient of variation), and data distribution shapes (symmetrical, skewness). It includes examples calculating these measures from sample data on students' daily allowances and test scores.

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CARL JAMES
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110 views11 pages

Busstat Module 2

The document provides information on descriptive statistics including measures of central tendency (mean, median, mode), measures of variation (range, interquartile range, variance, standard deviation, coefficient of variation), and data distribution shapes (symmetrical, skewness). It includes examples calculating these measures from sample data on students' daily allowances and test scores.

Uploaded by

CARL JAMES
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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BUSINESS STATISTICS

Module 2. Descriptive Statistics

• Descriptive Statistics
• Measures of Central Tendency
• Mean
• Median
• Mode
Module 2. Descriptive Statistics
A survey among randomly select 10 students
was conducted to determine their daily
allowances (in pesos). Compute the average
daily allowance of the students using the
gathered data shown below
100 150 150 100 200 70 140 170 90 120
Module 2. Descriptive Statistics
• Mean or X bar
= 100 + 150 + 150 + 100 + 200 + 70 + 140 + 170 + 90 + 120 = 1290 = 129
10 10
• Median
First thing you need to do is arrange the value from lowest to highest
70 90 100 100 120 140 150 150 170 200
Then determine the median rank = (n + 1) = (10 + 1) = 11 = 5.5 = 130
2 2 2
• Two modes – 100 and 150 – both appeare twice in the data set
Module 2. Descriptive statistics
• Measures of Variation/dispersion
• Range
• Interquartile range
• Variance & Standard deviation
• Coefficient of Variation
• Z-core
Module 2. Descriptive Statistics
• Range = 200 – 70 = 130
• Interquartile range (IQR) = Q3 – Q1
Q3 = 3(10+1) = 8.25 rank get 8th value (150), add it to the product of .025
4 & difference between 9th(170) & 8th (150) values
Q3 = 150 + 0.25(170-150) = 155 Q3 value
Q1 = (10+1) = 2.75 rank get 2nd value (90), add it to the product of 0.75 &
4 the difference between 3rd (100) and 2nd (90) values
Q1 = 90 + 0.75(100-90) = 97.5 Q1 value
IQR = Q3 – Q1 = 155 – 97.5 = 57.5
Module 2. Descriptive Statistics
• Variance (S^2) & Standard deviation (S)
x (x – xbar)2
70 ( 70 – 129)2 = 3481
90 ( 90 – 129)2 = 1521
100 (100 – 129)2 = 841
100 (100 – 129) =
2
841
120 (120 – 129)2 = 81 S= S2 = 1610 = 40.12
140 (140 – 129) =
2
121
150 (150 – 129) =
2
441
150 (150 – 129) =
2
441
170 (170 – 129) = 1681
2

200 (200 – 129)2 = 5041


Ʃ 1,290 Ʃ 14490
xbar = S = 14490 = 1610
2

1290 = 129 10 – 1
10
Module 2. Descriptive statistics
• Coefficient of variation (CV)
CV = 40.12 X 100 % = 31.10%
129
• Z-score
 Zlowest = (70 – 129) = -1.47
40.12
Zhighest = (200 – 129) = 1.77
40.12
Module 2. Descriptive Statistics
• Shapes
• Symmetrical
• Skewness
• Left skewed or negatively skewed
• Right skewed or positively skewed
Module 2. Descriptive Statistics
1. The following values were from sample of seven (7):
10, 12, 15, 8, 10, 13, 9
a. Compute the mean, median, and mode.
b. Compute the range, interquartile range, variance, standard
deviation, coefficient of variation.
c. Determine if there any outliers in the set of data.
d. How are the set of data distributed? Present your basis.
Module 2. Descriptive Statistics
2. Analyze the data taken from sample of 15:
3.5; 3.0; 3.75; 4.25; 4.0; 4.88; 3.25; 3.5; 4.0; 3.75; 3.98;
4.15; 4.0; 3.0; 4.0
a. Compute the mean, median, and mode.
b. Compute the range, interquartile range, variance, standard
deviation, coefficient of variation.
c. Determine if there any outliers in the set of data.
d. How are the set of data distributed? Present your basis.

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