Variability

1 / 16

Variability - PowerPoint PPT Presentation

Variability. Why is the study of variability important?. Allows us to distinguish between usual &amp; unusual values In some situations, want more/less variability scores on standardized tests time bombs medicine. Measures of Variability. range (max-min) interquartile range (Q3-Q1)

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.

PowerPoint Slideshow about 'Variability' - leila-hebert

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Why is the study of variability important?

Allows us to distinguish between usual & unusual values

In some situations, want more/less variability

scores on standardized tests

time bombs

medicine

Measures of Variability

range (max-min)

interquartile range (Q3-Q1)

deviations

variance

standard deviation

Lower case Greek letter sigma

Suppose that we have these data values:

24 34 26 30 37 16 28 21 35 29

Find the mean.

Find the deviations.

What is the sum of the deviations from the mean?

24 34 26 30 37 16 28 21 35 29

Square the deviations:

Find the average of the squared deviations:

parameter

statistic

Population Sample

Degrees of Freedom (df)

n deviations contain (n - 1) independent pieces of information about variability

Linear transformation rule
• When multiplying or adding a constant to a random variable, the mean changes by both.
• When multiplying or adding a constant to a random variable, the standard deviation changes only by multiplication.
• Formulas:

An appliance repair shop charges a \$30 service call to go to a home for a repair. It also charges \$25 per hour for labor. From past history, the average length of repairs is 1 hour 15 minutes (1.25 hours) with standard deviation of 20 minutes (1/3 hour). Including the charge for the service call, what is the mean and standard deviation for the charges for labor?

If variables are independent

Rules for Combining two variables
• To find the mean for the sum (or difference), add (or subtract) the two means
• To find the standard deviation of the sum (or differences), ALWAYSadd the variances, then take the square root.
• Formulas:

Bicycles arrive at a bike shop in boxes. Before they can be sold, they must be unpacked, assembled, and tuned (lubricated, adjusted, etc.). Based on past experience, the times for each setup phase are independent with the following means & standard deviations (in minutes). What are the mean and standard deviation for the total bicycle setup times?