Discrete Standard Deviation, Statistics, Basic Statistics

Assignment Help:
Discrete Standard Deviation

For calculating standard deviation in discrete series any of the following methods may be applied

(1) Actual mean method.

(2) Assumed mean method.

(3) Step deviation method.

(a) Actual mean methods when this method is applied deviations are taken from the actual mea we find (X-X) and denote these deviations by x. These deviations are then squared and multiplied by the respective frequencies. The following formula is applied:

s = v S fx2 /N where x = (X – X)

However in practice this method is rarely used because if the actual mean is in fractions the calculations take a lot of time.

(b) Assumed mean method when this method is used the following for mule is applied

S = v {fd2 / N – ({ fd/N)2 where d = (x – A)

Steps

Take the deviations of the items form an assumed mean and denote there deviation by d.

Multiply these deviations by the respective frequencies and obtain the total { fd.

Obtain the squares of the deviations calculate d2. Multiply the squared deviations by the respective frequencies an obtain the total {fd2.

Substitute the value in the above formula

Related Discussions:- Discrete Standard Deviation, Statistics

Functions of statistics .., Mention four characteristics and functions of s...

Mention four characteristics and functions of statistics

Calculate npv and irr of the project, PolyCorp is considering an investment...

PolyCorp is considering an investment in new plant of $3 million.  The project will be financed with a loan of $2,000,000 which will be repaid over the next five years in equal ann

Index numbers, discuss the considerations to be borne in mind when construc...

discuss the considerations to be borne in mind when constructing index numbers

Internal rates of return , A consumer product firm finds that its brand of ...

A consumer product firm finds that its brand of laundry detergent is losing market share, so it decides that it needs to "freshen" the product. One strategy is to maintain the curr

Calculating a confidence interval for the proportion, To study what fractio...

To study what fraction of houses for sale in Victoria has a finished basement, a researcher selected a random sample of 20 houses that were on the market. It was found that 11 of t

Administering agency solutions, Administering agency solutions A professio...

Administering agency solutions A professional specific by the Office of Economical Control to provide common management of economic sales action. An administering agency is also a

Find the mean and standard deviation, A travel agency surveyed 38 customers...

A travel agency surveyed 38 customers holidaying in Australia who took their spouses on either a skiing or a golfing vacation.  The data comprises amounts (in hundreds of dollars).

Accoutning 301, 1. (TCO 8) Planning for capital investments is an importan...

1. (TCO 8) Planning for capital investments is an important function of management. You are responsible for considering purchasing a new exhibit. It would cost $136,000 and have

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