Quant Flashcards
(113 cards)
Mean
Mean = Average(sum of terms)/(no. of terms)
Median
Median = Middle value
Mode
Mode = most frequently occurring value
Range
Range = difference between largest and smallest values
Standard Deviation
S.D. = the measure of dispersion around the mean
Finding Median
- place all the numbers in a set in an ascend/descend order to locate the middle value
- if odd number of terms -> median is the middle number
- if even number of terms -> median is the two middle terms divided by 2 (average of two middle terms)
Which of the following could be the range of the following set: {-21, 23, x, y, z}
I. -54
II. 40
III. 63
- range cannot be negative –> eliminate I
- based on the present two values, the range would be 23 - (-21) = 44 range could be larger than 44 but can’t be less –> eliminate II
Can the range be negative?
No; range can only be positive
If the range is = 0, all the numbers in the set are _____
If the range is = 0, all the numbers in the set are identical
How does changing any values other than the smallest and largest affect the range?
Changing any values other than the smallest and largest does not affect the range
For the set {1, 2, 3, 4, 5}
1) what is the mean
2) what is the median
3) what is the range
For the set {1, 2, 3, 4, 5}
1) mean = (1+2+3+4+5)/5 = 3
2) median = 3
3) range = 5-1 = 4
In evenly spaced sets, what’s the relationship between mean and median? How do we find them?
In evenly spaced sets, the mean and median are equal
to find both quickly, average the first and the last terms
Finding mean in an evenly spaced set {1, 2, 3, 4, 5}
1) mean = (1+2+3+4+5)/5 = 3
alternative: (1+5)/2 = 3
For the set {3, 1, 2, 3, 4, 5}
1) what is the mean
2) what is the median
3) what is the mode
4) what is the range
5) is the SD higher or lower than in the {1, 2, 3, 4, 5} set?
For the set {3, 1, 2, 3, 4, 5}
0) rearrange: {1, 2, 3, 3, 4, 5}
1) mean = 3
2) median = 3
3) mode = 3
4) range = 4
5) is the SD higher or lower than in the {1, 2, 3, 4, 5} set?new term = mean -> no added variation; BUT the AVERAGE variation is lower
this set has a smaller SD
Which of the following sets has the greatest SD?
I. {2, 4, 6, 8, 10}
II. {3, 6, 9, 12, 15}
III. {52, 54, 56, 58, 60}
I. mean = 6
II. mean = 9
III. mean = 56
set II has the highest dispersion around the mean (spacing is 3) sets
I and III have the same SD (in both sets, highest value is 4 > mean)
size of the terms is not important, just the difference from the mean
Set J consists of the first (smallest) seven prime numbers. Find:- mean- median- range
2, 3, 5, 7, 11, 13, 17
mean = 2+3+5+7+11+13+17 = 30+10+18= 58/7= 8 2/7
median = 7
range = 15
How to reduce the mean?
add a values that’s less than the current mean
How to reduce the median?
add a value that’s less than the current median
If the highest and lowest values of the set are unchanged, can the range change?
No, the range will only change if there’s a change to the highest or the lowest values
What’s the relationship between median and mean?
Generally, no relationship
in evenly spaced sets -> mean = median
If set A {2, x, y, z, 24} is evenly spaced and in ascending order, what is the value of y?
y = median = mean (24+2)/2 = 13y= 13
If the number of terms does not change, what’s the relationships between % change in average and % change in sum
% change in average = % change in sum
Rasheed scored 22, 16, 12, 14, 21 points in 5 games. His actual average was what percent less than his goal of averaging 20 points per game?
goal: 20 points per game = 20*5 = 100 points
actual sum = 85 points
percentage difference: (85-100)/100 * 100 = -15%
Area of circle
A = pi * r^2