CH2NUMERICAL SUMMARY STATISTICS-商务统计,英文版课件.pptVIP

BEO1106 - Week 2 BEO1106 - Week 2 Business StatisticsBEO 1106 * * WEEK 2 NUMERICAL SUMMARY STATISTICS Reference: Selvanathan et al. (2004), Chapters 2, 3. NUMERICAL SUMMARY MEASURES Numerical summary measures describe the major properties of a data set, namely its: central tendency (or location), variability (or dispersion, spread), shape. 1. MEASURES OF CENTRAL TENDENCY They locate the ‘centrality’ of the data set. Arithmetic mean (variable X) For the population: ? (mu) For a sample: x-bar Add up the values Divide by the number of values Population size Sample size Properties of the