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Chapter: Descriptive Measures Introduction Basics of descriptive statistics Frequency Distribution Tabular and categorical representation of data Graphic Representation of Frequency Distribution Histograms, frequency polygons, ogives Averages / Measures of Central Tendency Arithmetic Mean Median Mode Geometric Mean Harmonic Mean Selection of an average Partition values (quartiles, deciles, percentiles) Supplementary examples & review problems Dispersion Measures of dispersion (range, variance, standard deviation, mean deviation) Coefficients of dispersion Supplementary examples & review problems Moments Raw and central moments Supplementary examples & review problems Skewness Measures of asymmetry in data distribution Kurtosis Measures of peakedness / flatness of data distribution Review & Practice Assorted review problems Chapter concepts quiz Supplementary self-assessment problems
Typology: Study notes
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UN S35 0 Da) We RO a rae: fai) 2560 é 25 — f| Sin aye oo ass = 115 . fai) = 28 12.5 i) poy (oe 8 half = 20 + ee ee race 25) a I pees 20850 Uso PES Remar : = 4 : ‘a The median can aise be cated ag Follows ., ) . from the poiny Intersection OF “less than! ogive <& “move than! y=) é aah perpendicaity jy OTIS Avsckine op te Point oC brained gives median. oe AN poision Values, viz, deciles & perce miles can be srmilary octed From ee Aissoved Review aa on Measures of cemtya) tendengy ‘ ( 2 uM (What ove Gree ont wngrouped Frequency ietributions? What ave thelr uses . . i TE. uen What axe the consideration that has 4o beor in mind while aed ude es distribution 2 G & 3 Sour 6 i ouped Frequengy distribution. il Je ividud! value along ¢ — This Shows dato in i+6 oes OY Yaw poe Si LCD INARI Xs g ¢ With irs Requeny ¢ how often i+ occurs) _ ¢ ®@ Use this When: ¢ WThe yrange of data is mal) ' 21 Each individuol vatue is important . , © Grouped Frequeng) distibusior { ( ( ( ‘ ( { ( Oise ie Gccd When the data is layge or spread out. Instead of fistin indlividuay values, dota is divided into class torervals, and the Fraquengy of each Class ji, shou —=Usz, EO emis larye io mance individdany 2 You wary to analyze the ata More eaci | © consider aon Uahile oe a Pequenc Distoibuston . 1) “aye of Pata °Find the difference between +he Meee %& lowest volues to decade how wide Jour data is, ZJ Number of clase, —- : Usual) between B40 18 fos aye: data Tos Few classes bide BELANS $55 ing BY confusir ae 31 class Width Csize of jnrerval)— PY) imtervats shoud ideaiy be of : : formula = Highes Va(We — Lowest value J que) ordth, Number of — c\accey 4] Moray) ©xclusire asses — No Each date poink shoud par | Overs \apc. 5 Exhaustive covevane — FY) data shouli] be included - no Value shouid be leh ow | 9) Tally Be Hequercy coum | 1) Class limits & boundaries — Be clan wheather youve Using lactustic BY EX clr | 3) dara +ype - disode oy continuo - N+0 ONN one Class, , 2) Explain the method of construct Rishon zs Frequency Polygar Which | oH OF these tuo, 15 beter -epresentdti¥e of Frequencies of ee ee ee AS4b 5304 0364 203/ >ofor o porscatar Geek HeenenD is better - eaciey +o read the exact frequenc © For whole cl compayison , Frequeny poyen is beHer - \+ clearly Shows the Overall pattern or trend in the data. “Nal SE con bars . 2) X-axis class intervais, Y- axis : Frequencies 3) Bars axe joined with no aps. * Frequency potijen Wade by plowiin mid points of classes and Spinks With Ines, Ystartke and end& at the X-akts Y particatoy eal: ~ Histogram - shows exact Frequency early D Whole group - Frequeng polygon - shows overal) tend better 3] What OIE the princhles gern the choice of : 1) Number OF class intervals. ii) The length of the class interval. iii) The aie of th class intewal. > 1) numbey of ¢loss Tntervals” Yshould not be +00 many or 400 fer . 2) Idea\ tame 5 40 16 intervals . re needed Use Formuia>. RK =1l +3. 322104 ,,0N) R=number of jmtervals . N= number of observations Dlength of class intervals, snany ; : ‘ unless specified (ayia) clase size helps in YAN imtervais should be of equal width , fect alts P. comparison ) a 2) Lae =CMaximum va)jue - Minimum value) = Number op classes 3] Mid pois of class Intervals * J Midpoint = Lrower lierit + upper limit J +2 cepya) value of the class and ic usec! in mean <& |PYeqUenty T+ yepresents the eee calculahions | ul Write Short mores on. Peete 4 4 “ie 8 distribution - A Frequeng distribUROM 15 a CIO) +40 ie eae 2) showing how oPten each value or qr? of values occurs. Tt heips 4° understand patters and is dsad 40 Create qrophs Nine Wee QZ frequeng polygons. dt When +o use each: ) DM Type Use ghen: AYN ==) AY valles are equarly imponont © no ettreme outliers, GM = Rates or pete ate involved . Hen => You ave Serr) rates |ike speed or time b] compare mean, Median & mode : Featurs ele Median mode Def = SYM/number D> Widdle value > Value that occurs / oF values When dota js the mos + Ordered € of : Thverage => Mathmial 2 positiond) = positiones ) Affected by No . Extveme value 28 ? Me A uses ANdaa DS xs => No => po, Easy to understand > yes A ys =) Jes € calculate Algebraic use D> Jes 3) 0) Dip vnigness > +e 2» yes > Ne & s i) ae) Discrete ] Frequeng Aater coi Ha Gest Fox > symrmeimta| — > SHEL ees distri puten qe when 4o use: Mean > When data is norma) | symmetrical and has no oupiers eq g pycsaie Salary OF simila?- level employes . Median > When doia is srecsed or has extreme values. eq : Income distribution ina populations Mode > Wher the mos Prequert value is important . eq: Most commen Sloe size sold. : = SD Bplain 9p = 4, - median , quart raphic we the wolues of uae 01] Medion e oe PPC method oF Jocas ah, aS =| Wey Nels igane Median GF G3 Steps: MSE CumUlative Frequeng Curve Cs oe ‘ dR, pore Cs Yass cumulative fy, juency table. 2) per ne ie a eh =| . Y= cumulative Prequencies . 3 We Ch= class) Vimks7 t= D “ the Wiese sl a YN z ' soe Foy Median On eae 3) an ; r “a @y Dia . ial a hor zone Wines from these poins 4o Inversect the carve Drop Nersiay Whes From, the pois of Intersection 40 the X-axis . 6 5i| TVhe X Valuec Whee Ahey +he axis ave Median, @, & a, Tay Mode — Osjn, Histogsany tallies Saw ( Mean ~ Cannot he Find Graphically. Can aie al foc D) eneme deviations about median ic least. Values | => Coa Un roupedl Data) : aaa let's consider ordered data~ i ee &] sum OF absolute Gh let's define a Function: n Fea) = |¥--a\ es case!: odd number of observations: le+ n= 2m4) 150 the median is nn , We WIN show +hat the funcion Fray i, Minimize at a=