Define mean, median, mode, variance, and standard deviation, Basic Statistics

Assignment Help:

Explain what central tendency and variability are. In your answer define what the mean, median, mode, variance, and standard deviation are. What is the difference between the descriptive standard deviation and the unbiased estimate of the standard deviation? When would you use the unbiased estimate?

Central tendency is to describe where the data are and variability is how spread out the data are... Variability tells on how constant the score are. The mean is the sum of all the values in a group divided by the number of the values in that group. The median is the average but of a different kind, the median in the midpoint in a set of scores, it is the half way point which is 50% the mode is the last measure of central tendency it is the precise measure of the central tendency. Variances is used as a measure of how far a set of numbers are spread out from each other and the Standard deviation represents the average amount of variability in a set of scores. The standard deviation is the square root of the variance.


Related Discussions:- Define mean, median, mode, variance, and standard deviation

Factorial anova , Assessment Two tests your ability to conduct a factorial ...

Assessment Two tests your ability to conduct a factorial ANOVA and make appropriate decisions regarding any follow up comparisons. The following data set is adapted from Jaccard an

Accreted value definition, An assessment time frame for certain purchases a...

An assessment time frame for certain purchases and debt equipment that reviews on the stability piece only that part of their face value that shows major and interest acquired curr

Time series, time series use in indian economy

time series use in indian economy

Normal distribution, Lifts usually have signs indicating their maximum capa...

Lifts usually have signs indicating their maximum capacity. Consider a sign in a lift that reads “maximum capacity 1400kg or 20 persons”. Suppose that the weights of lift-users are

Certificate of participation [cop), Certificate of participation [cop) A d...

Certificate of participation [cop) A debt financing agenda administered by the Office of the State Treasurer, A COP is an instrument evidencing a pro rata split in a exact pledged

Sampling survey ., List all possible simple random samples of size n = 2 th...

List all possible simple random samples of size n = 2 that can be selected from the population {0, 1, 2, 3, 4}. Calculate 2 s for the population and Var y( ) for the sample.

Quota sampling, Quota Sampling: in stratified the cost of taking random sam...

Quota Sampling: in stratified the cost of taking random samples from individual strata is often so expensive that interviewers are simply give quota to be filled from different str

PROBABILITY DISTRIBUTIONS, a). Show that if a random variable has a uniform...

a). Show that if a random variable has a uniform density with the parameters a and ß, the probability that it will take on a value less than a+p(ß-a) is equal to p b). Prove that t

Cash basis, Cash basis A basis for accounting whereby revenues are recorde...

Cash basis A basis for accounting whereby revenues are recorded only when received & expenses are recorded only that salaried with no regard to the era in which they be earned, in

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd