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M ARIO F . T RIOLA - PowerPoint PPT Presentation

S TATISTICS. E LEMENTARY. Section 2-5 Measures of Variation. M ARIO F . T RIOLA. E IGHTH. E DITION. Jefferson Valley Bank Bank of Providence. Waiting Times of Bank Customers at Different Banks in minutes. 6.5 4.2. 6.6 5.4. 6.7 5.8. 6.8 6.2. 7.1 6.7. 7.3 7.7. 7.4 7.7.

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STATISTICS

ELEMENTARY

Section 2-5 Measures of Variation

MARIO F. TRIOLA

EIGHTH

EDITION

Bank of Providence

Waiting Times of Bank Customers

at Different Banks

in minutes

6.5

4.2

6.6

5.4

6.7

5.8

6.8

6.2

7.1

6.7

7.3

7.7

7.4

7.7

7.7

8.5

7.7

9.3

7.7

10.0

Bank of Providence

Waiting Times of Bank Customers

at Different Banks

in minutes

6.5

4.2

6.6

5.4

6.7

5.8

6.8

6.2

7.1

6.7

7.3

7.7

7.4

7.7

7.7

8.5

7.7

9.3

7.7

10.0

Bank of Providence

Jefferson Valley Bank

Mean

Median

Mode

Midrange

7.15

7.20

7.7

7.10

7.15

7.20

7.7

7.10

Figure 2-14

lowest

highest

value

value

Measures of Variation

a measure of variation of the scores about the mean

(average deviation from the mean)

Measures of Variation

Standard Deviation

(x - x)2

S=

n -1

Formula 2-4

Population Standard Deviation

(x - µ)

2

 =

N

s of data

Sx

xn-1

Symbols

for Standard Deviation

Sample

Population

x

xn

Textbook

Book

Some graphics

calculators

Some graphics

calculators

Some

non-graphics

calculators

Some

non-graphics

calculators

Articles in professional journals and reports often use SD for standard deviation and VAR for variance.

Measures of Variation of data

Variance

standard deviation squared

s



}

2

Sample Variance

Notation

Population Variance

2

of data(x-x )2

s2 =

n -1

(x-µ)2

2 =

N

Variance Formulas

Sample

Variance

Population

Variance

Round only the final answer, never in the middle of a calculation.

Round-off Rulefor measures of variation

Estimation of Standard Deviation set of values.

Range Rule of Thumb

x + 2s

x - 2s

x

(maximum usual value)

(minimum

usual value)

Range  4s

or

Estimation of Standard Deviation set of values.

Range Rule of Thumb

x + 2s

x - 2s

x

(maximum usual value)

(minimum

usual value)

Range  4s

or

Range

4

s 

Estimation of Standard Deviation set of values.

Range Rule of Thumb

x + 2s

x - 2s

x

(maximum usual value)

(minimum

usual value)

Range  4s

or

Range

4

highest value - lowest value

s 

=

4

minimum ‘usual’ value set of values. (mean) - 2 (standard deviation)

minimum x - 2(s)

maximum ‘usual’ value  (mean) + 2 (standard deviation)

maximum x + 2(s)

Usual Sample Values

The Empirical Rule set of values.

(applies to bell-shaped distributions)

FIGURE 2-15

x

The Empirical Rule set of values.

(applies to bell-shaped distributions)

FIGURE 2-15

68% within

1 standard deviation

34%

34%

x - s

x

x+s

The Empirical Rule set of values.

(applies to bell-shaped distributions)

FIGURE 2-15

95% within

2 standard deviations

68% within

1 standard deviation

34%

34%

13.5%

13.5%

x - 2s

x - s

x

x+s

x+2s

0.1% set of values.

The Empirical Rule

(applies to bell-shaped distributions)

FIGURE 2-15

99.7% of data are within 3 standard deviations of the mean

95% within

2 standard deviations

68% within

1 standard deviation

34%

34%

2.4%

2.4%

0.1%

13.5%

13.5%

x - 3s

x - 2s

x - s

x

x+s

x+2s

x+3s

For typical data sets, it is set of values.unusual for a score to differ from the mean by more than 2 or 3 standard deviations.

Measures of Variation Summary