DescribingDataUsingNumericalMeasures幻灯片.pptVIP

Business Statistics: A Decision-Making Approach, 6e ? 2005 Prentice-Hall, Inc. Comparing Standard Deviations Mean = 15.5 s = 3.338 11 12 13 14 15 16 17 18 19 20 21 11 12 13 14 15 16 17 18 19 20 21 Data B Data A Mean = 15.5 s = .9258 11 12 13 14 15 16 17 18 19 20 21 Mean = 15.5 s = 4.57 Data C Coefficient of Variation Measures relative variation Always in percentage (%) Shows variation relative to mean Is used to compare two or more sets of data measured in different units Population Sample Business Statistics: A Decision-Making Approach, 6e ? 2005 Prentice-Hall, Inc. Business Statistics: A Decision-Making Approach, 6e ? 2005 Prentice-Hall, Inc. Business Statistics: A Decision-Making Approach 6th Edition Chapter 3Describing Data Using Numerical Measures After completing this chapter, you should be able to: Compute and interpret the mean, median, and mode for a set of data Compute the range, variance, and standard deviation and know what these values mean Construct and interpret a box and whiskers plot Compute and explain the coefficient of variation and z scores Use numerical measures along with graphs, charts, and tables to describe data Chapter Goals Chapter Topics Measures of Center and Location Mean, median, mode, geometric mean, midrange Other measures of Location Weighted mean, percentiles, quartiles Measures of Variation Range, interquartile range, variance and standard deviation, coefficient of variation Summary Measures Center and Location Mean Median Mode Other Measures of Location Weighted Mean Describing Data Numerically Variation Variance Standard Deviation Coefficient of Variation Range Percentiles Interquartile Range Quartiles Measures of Center and Location Center and Location Mean Median Mode Weighted Mean Overview Mean (Arithmetic Average) The Mean is the arithmetic average of data values Sample mean Po