M3: Measures of Center and Variability Flashcards
3 Measures of Center
a) Mean - Average of all the observations
b) Median - Observation right in the middle
c) Mode - Most frequently occured value
3 Measures of Variability
a) Range
b) Variance
c) Standard deviation
Range
MAX - min
Variance (s^2)
s^2 = sum((x-xi)^2)/n-1
Standard deviation (s)
s = sqrt(s^2)
How to use your calculator to get:
a) Standard deviation
b) Variance
c) Mean
Make sure
Interpreting the Standard Deviation s
a) The larger the standard deviation, the more spread out the data set is
b) s is affected by outliers
c) Best for bell-shaped and symmetric distributions
Empirical rule for bell-shaped / symmetric distribution
68% of the observations within 1 stdv of the mean
95% of the observations within 2 stdv of the mean
99.7% of the observations within 3 stdv of the mean
If the mean is equal to the median, which of the following is true?
The data is probably symmetric
Distance from the data points to this measure of center always add up to zero
Mean