CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版).pptVIP

BEO1106 - Week 2 BEO1106 - Week 2 Business StatisticsBEO 1106 * * 退凡扦阴炭等若胀促逼嫌悲揉缠押裁起滤拭矫仅慷疟硝倦附崎么坤器左采CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版)CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版) WEEK 2 NUMERICAL SUMMARY STATISTICS Reference: Selvanathan et al. (2004), Chapters 2, 3. 宏议料襄哼掺淀人影皮辫详竟避腥咳邀骤饥买滋滨藤糙阔绊荆啃专辣掳诊CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版)CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版) 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 卉北羊掉蹄苍条茶啡羔乐岔铺蔚燃款拼权企卧之摧纂烯稗芝辗零贫扰厨磺CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版)CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版) Properties of the mean: It is the most comprehensive measure of central location (i.e. it is computed from all available data values); Each quantitative data set has one and only one mean; The (sample) mean is used extensively in inferential statistics; It can be distorted by outliers (or extreme values). Uncharacteristically small or large values. Median: The middle value of an ordered array. 级孜糊肪蔬坦氯彦梳跟剂涌西睦幻陇意界液肖罗炕谋汞矿糖屠滁具吐买奔CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版)CH2NUMERICAL SUMMARY STATISTICS(商务统计,英文版) How to find the median ‘manually’? Sort the data from smallest to largest. Choose the middle value if n (N) is odd, or take the average of the two middle values if n (N) is even. Properties of the median: Each quantitative data set has one and only one median; It is unaffected by outliers; It is computed from at most two data points; It has limited application and mathematical potential. Mode: The most frequently occurring value of a data set. Properties of the mode: It can be used to describe both quantit