Characteristics of data in statistics, Basic Statistics

Assignment Help:

Important Characteristics of Data

Center - The representative or average value which indicates where the middle of the data is located.

Variation - the measure of the amount which the data values vary among themselves.

Distribution - The nature and shape of the distribution of the data (such as uniform bell-shaped, or skewed).

Outliers - Sample values which lie very far away from vast majority of the other sample values.

Time - Changing the characteristics of the data over time.

Related Discussions:- Characteristics of data in statistics

Perform the analysis, Your earlier comparison of three energy technologies ...

Your earlier comparison of three energy technologies showed only a borderline effect using the non-parametric Kruskal-Wallis statistic. This result left you hanging on a decision o

Calculate strengths and weaknesses , In the 2009 baseball season, the team ...

In the 2009 baseball season, the team that finished the regular season with the best record in the National League was the Los Angeles Dodgers, with a record of 95-67. (For those o

Find the invariant probability, Problem 1 . Let X 0 ;X 1 ;X 2 . . . be a Ma...

Problem 1 . Let X 0 ;X 1 ;X 2 . . . be a Markov chain with state space f1; 2g and transition probabilities given as follows: p 11 = 0:3; p 12 = 0:7; p 21 = 0:5; p 22 = 0:5:

Least squares analysis, Least squares method of fitting a line ( the line o...

Least squares method of fitting a line ( the line of best fit or the regression line) through the scatter diagram is a method which minimizes the sum of squared vertical deviations

Calculate the difference quotient and average velocity, A girl named Alice ...

A girl named Alice fell asleep during a discussion about the difference quotient. She did not think it could possibly have anything to do with real life. While dreaming she saw

Help with homework, 1. Penny Pincher, Inc. had a contribution margin of $33...

1. Penny Pincher, Inc. had a contribution margin of $33,000 on sales of $50,000 and had fixed costs of $18,000. Calculate its break-even point in sales dollars. 2. Krueger Company

Self adaptive ga, During the execution of the search process, the whole pop...

During the execution of the search process, the whole populations are classified into subgroups by sufficiently analyzed the individuals' state. Each individual in a different subs

Capital account stockholders proprietorship, Define of capital account refl...

Define of capital account reflecting the funds invested in an entity. Capital account is termed as the account reflecting the funds invested in the entity by the stockholders or pa

Differences between ifrs and gaap, While the differences between IFRS and G...

While the differences between IFRS and GAAP are reducing, there still are significant differences between the two. While the IFRS has been developed by the IASB (International A

Sampling Error, Use the concepts of sampling error and z scores to explain ...

Use the concepts of sampling error and z scores to explain the concept of distribution of sample means.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages