2.4 Measures of Variation.

Slides:



Advertisements
Similar presentations
Statistics 1: Introduction to Probability and Statistics Section 3-3.
Advertisements

The procedure for finding the variance and standard deviation for grouped data is similar to that for finding the mean for grouped data, and.
Section 2.4 Measures of Variation Larson/Farber 4th ed.
Measures of Variation Section 2.4 Statistics Mrs. Spitz Fall 2008.
3-3 Measures of Variation. Definition The range of a set of data values is the difference between the maximum data value and the minimum data value. Range.
Mean, Variance, and Standard Deviation for Grouped Data Section 3.3.
Section 2.4 Measures of Variation.
Descriptive Statistics
Statistics Workshop Tutorial 3
Unit 3 Section 3-3 – Day : Measures of Variation  Range – the highest value minus the lowest value.  The symbol R is used for range.  Variance.
Statistics Class 4 February 11th , 2012.
Probabilistic and Statistical Techniques
Chapter 3 Descriptive Measures
Section Copyright © 2014, 2012, 2010 Pearson Education, Inc. Lecture Slides Elementary Statistics Twelfth Edition and the Triola Statistics Series.
Warm-Up If the variance of a set of data is 12.4, what is the standard deviation? If the standard deviation of a set of data is 5.7, what is the variance?
Slide Slide 1 Section 3-3 Measures of Variation. Slide Slide 2 Key Concept Because this section introduces the concept of variation, which is something.
Descriptive Statistics Measures of Variation. Essentials: Measures of Variation (Variation – a must for statistical analysis.) Know the types of measures.
 The range of a data set is the difference between the maximum and minimum data entries in the set. The find the range, the data must be quantitative.
Section 2.4 Measures of Variation Larson/Farber 4th ed. 1.
Module 11: Standard Deviations and the Like This module describes measures of dispersion or unlikeness, including standard deviations, variances,
Measures of Variation variation A set of data exhibits variation if all of the data are not the same value.
Chapter 6 1. Chebychev’s Theorem The portion of any data set lying within k standard deviations (k > 1) of the mean is at least: 2 k = 2: In any data.
What is variability in data? Measuring how much the group as a whole deviates from the center. Gives you an indication of what is the spread of the data.
Statistics Numerical Representation of Data Part 2 – Measure of Variation.
Descriptive Statistics
Section 3.2 Measures of Dispersion. Range = the difference between the largest value and smallest value range = (largest value) – (smallest value)
Section 3-3 Measures of Variation. WAITING TIMES AT DIFFERENT BANKS Jefferson Valley Bank (single waiting line) Bank of Providence.
Measures of Central Tendency And Spread Understand the terms mean, median, mode, range, standard deviation.
1 Elementary Statistics Larson Farber Descriptive Statistics Chapter 2.
Larson/Farber Ch 2 1 Elementary Statistics Larson Farber 2 Descriptive Statistics.
Copyright © 1998, Triola, Elementary Statistics Addison Wesley Longman 1 Measures of Variance Section 2-5 M A R I O F. T R I O L A Copyright © 1998, Triola,
Chapter 9 Day 1. Parameter and Statistic  Parameter – a number that describes a population, usually impossible to find  Statistic – A number described.
Copyright © 2015, 2012, and 2009 Pearson Education, Inc. 1 Chapter Descriptive Statistics 2.
Unit 2 Section 2.4 – Day 2.
Measures of Variation 1 Section 2.4. Section 2.4 Objectives 2 Determine the range of a data set Determine the variance and standard deviation of a population.
Section 3-2 Measures of Variation.
Section 2.4 Measures of Variation Day 1. Range The difference between the maximum and minimum data entries in the set. The data must be quantitative.
Chapter 2 Descriptive Statistics 1 Larson/Farber 4th ed.
Section 2.4 Measures of Variation. Section 2.4 Objectives Determine the range of a data set Determine the variance and standard deviation of a population.
2.4 Measures of Variation Coach Bridges NOTES. What you should learn…. How to find the range of a data set How to find the range of a data set How to.
Measures of Variation Range Standard Deviation Variance.
Copyright © 2010, 2007, 2004 Pearson Education, Inc. Lecture Slides Elementary Statistics Eleventh Edition and the Triola Statistics Series by.
MODULE 3: DESCRIPTIVE STATISTICS 2/6/2016BUS216: Probability & Statistics for Economics & Business 1.
Copyright © 2010, 2007, 2004 Pearson Education, Inc. All Rights Reserved.Copyright © 2010 Pearson Education Section 3-3 Measures of Variation.
Closing prices for two stocks were recorded on ten successive Fridays. Mean = 61.5 Median = 62 Mode = 67 Mean = 61.5 Median = 62 Mode =
Sect.2.4 Measures of variation Objective: SWBAT find the range of a data set Find the variance and standard deviation of a population and of a sample How.
Section 2.4 Measures of Variation 1 of 149 © 2012 Pearson Education, Inc. All rights reserved.
Section 2.4 Measures of Variation 1 of 149 © 2012 Pearson Education, Inc. All rights reserved.
2.4 Measures of Variation Prob & Stats Mrs. O’Toole.
Chapter Measures of Variation 3.3 Measures of Variation Bank waiting times In the first bank, the manager carefully controls waiting times by changing.
2.4 Measures of Variation The Range of a data set is simply: Range = (Max. entry) – (Min. entry)
Created by: Tonya Jagoe. Measures of Central Tendency & Spread Input the data for these test scores into your calculator to find.
Copyright © 2015, 2012, and 2009 Pearson Education, Inc. 1 Chapter Descriptive Statistics 2.
Descriptive Statistics Measures of Variation
Measures of Dispersion
Section 3.3 Measures of Variation.
Measures of Dispersion
Section 3.3 Measures of Variation.
Chapter 2 Descriptive Statistics.
Statistics 4/26 Objective: Students will be able to find measures of statistical dispersion. Standards: 1.02 Summarize and analyze univariate data to solve.
Section 3.2 Measures of Spread.
Lecture Slides Elementary Statistics Twelfth Edition
Teacher Introductory Statistics Lesson 2.4 D
Section 2.5 notes Measures of Variation
Lecture Slides Elementary Statistics Twelfth Edition
Section 2.4 Measures of Variation.
Sample Standard Deviation
Two Data Sets Stock A Stock B
Section 2.5 notes continued
Section 2.4 Measures of Variation Larson/Farber 4th ed.
Presentation transcript:

2.4 Measures of Variation

Range and Deviation Range - The difference between the maximum and the minimum data entries in the set Range = (Max – Min) Deviation – the difference between the entry and the mean of the data set. Deviation of

Variance and Standard Deviation Population Variance: Population Standard Deviation: Sample Variance: Sample Standard Deviation:

Deviation Squares Heights (in inches) 70 -.3 .09 1.7 2.89 72 .7 .49 71 69 73 68 -.3 1.7 .7 -1.3 2.7 -2.3 .09 2.89 .49 1.69 7.29 5.29 SSx= 2.01 1.418 2.233 1.494 Mean = 70.3

Empirical Rule

About 68% of the data lies within 1 standard deviation of the mean

About 95% of the data lies within 2 standard deviation of the mean

About 99.7 of the data lies within 3 standard deviation of the mean

Examples Heights of Women in the U.S. have a mean of 64 with a standard deviation of 2.75. Use the empirical rule to estimate: The percent of the heights that are between 61.25 and 64 inches. ANS: 34% Between what two values does about 95% of the data lie? ANS: (58.5, 69.5)

Chebychev’s Theorem The portion of any data set lying within k standard deviations (k>1) of the mean is at least Example: k = 2 , 75% of the data is within 2 standard deviations of the mean k = 3; 88.9% of the data lies within 3 standard deviations of the mean.

Sample Standard deviation for grouped data