Lecture 2- Summarizing data: Descriptive statistics Flashcards
What are the three order of measurement of average?
First order: Measures of central tendency
- Second Order: Measures of dispersion
- Third order: Measures of skewness and kurtosis
What are measures of central tendency?
-yield information about
“particular places or locations in a group of numbers.”
What are the different types of central tendency?
- Mean
- Mode
- Median
- Percentiles
- Quartitles
What is the arithmetic mean?
- Mean is the average of a group of numbers
- Applicable for interval and ratio data only
- Affected by extreme outliers which reduce its reliability
What is the mode and the different types of mode?
- Most frequently occurring dataset
- Applicable for all levels of data
-Bimodal:– In a tie for the most frequently occurring value, two
modes are listed
-Multimodal: Data sets that contain more than two modes
What is the median and how to work it out?
- Middle number in an order array of numbers
- If N is odd (N+1)/2
- If even so they have the same amount of number each side of the dataset
What are quartiles and examples of them
• Quartile - measures of central tendency that divide a group of data into four
subgroups
- Q1: 25% of the data set is below the first quartile
- Q2: 50% of the data set is below the second quartile
- Q3: 75% of the data set is below the third quartile
How to work out quartiles?
- Find a quarter of the number in the dataset for the 1st
- FInd half of the number for Q2
- Find 3/4 of the number for Q3
What is the measures of dispersion?
-tools that describe the
spread or the dispersion of a set of data.
–Range – Inter-quartile Range –Variance – Standard Deviation –Coefficient of Variation
What is the range?
-The difference between the largest and the smallest
values in a set of data
Advantage:– easy to compute (ignore how the data
is distributed)
Disadvantage:is affected by extreme values
What is the Inter-quartile range?
- range of values between the first and third quartiles
- Q3-Q1 to find the IQR
How to work out deviation?
-Subtracting the mean from each data value gives the
deviation from the mean (X - µ)
• An examination of deviation from the mean can reveal
information about the variability of the data
-The Sum of Deviation from the arithmetic mean is always zero: Sum (X - µ) = 0
What is the standard deviation and the variance?
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formula for variance and standard deviation
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What does the standard deviation show?
-A low standard deviation means that most of the numbers are very close to the average.
• A high standard deviation means that the numbers are spread out.
• A standard deviation closer to zero, indicates that the points are
closer to the mean.