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    Statistics in Business FOR UST

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    lily
    The document discusses various measures of dispersion used to describe how data values are spread around the mean. It defines range, mean deviation, variance, and standard deviation. Range is the difference between the highest and lowest values. Mean deviation shows the average distance from the mean. Variance and standard deviation take into account all values by measuring the average of squared distances from the mean, with standard deviation being the square root of variance. Examples are provided to demonstrate calculating each measure of dispersion.

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    Statistics in Business FOR UST

    Uploaded by

    lily
    20 views13 pages
    The document discusses various measures of dispersion used to describe how data values are spread around the mean. It defines range, mean deviation, variance, and standard deviation. Range is the difference between the highest and lowest values. Mean deviation shows the average distance from the mean. Variance and standard deviation take into account all values by measuring the average of squared distances from the mean, with standard deviation being the square root of variance. Examples are provided to demonstrate calculating each measure of dispersion.

    Original Title

    ‫‫Statistics in Business FOR UST(4)

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    The document discusses various measures of dispersion used to describe how data values are spread around the mean. It defines range, mean deviation, variance, and standard deviation. Range is the difference between the highest and lowest values. Mean deviation shows the average distance from the mean. Variance and standard deviation take into account all values by measuring the average of squared distances from the mean, with standard deviation being the square root of variance. Examples are provided to demonstrate calculating each measure of dispersion.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    20 views13 pages

    Statistics in Business FOR UST

    Uploaded by

    lily
    The document discusses various measures of dispersion used to describe how data values are spread around the mean. It defines range, mean deviation, variance, and standard deviation. Range is the difference between the highest and lowest values. Mean deviation shows the average distance from the mean. Variance and standard deviation take into account all values by measuring the average of squared distances from the mean, with standard deviation being the square root of variance. Examples are provided to demonstrate calculating each measure of dispersion.

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    © All Rights Reserved
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    Download as pdf or txt
    of 13

    LECTURE (4)

    Measures of Dispersion
     The measure of dispersion shows how the
    data is spread or scattered around the mean
     Range
     Mean Deviation
     Variance
     Standard Deviation
     Coefficient of Variation

    by/Dr .Ahmed abdulrazzaq Mohammed


    Measures of Dispersion:
    The Range
     Simplest measure of dispersion
     Difference between the largest and the smallest values,
     Raw Data
    Range = Xlargest – Xsmallest
     Grouped Data

    Range = Xlargest limit – Xsmallest limit

    by/Dr.Ahmed abdulrazzaq Mohammed


    Example1:find the Range for the following
    data
    11 12 13 16 16 17 18 21 30

    soluation
    Range = 30 – 11=19

    by/Dr.Ahmed abdulrazzaq Mohammed


    The Mean Deviation
    The measure of The Mean Deviation
    shows how the data is spread or scattered around the mean
     Raw Data

    Where
    Xi : Observation
    : : the mean

    N: Sample size

    by/Dr.Ahmed abdulrazzaq Mohammed


    The Mean Deviation
    The measure of The Mean Deviation
    shows how the data is spread or scattered around the mean
     Grouped Data

    M .D 
     f X X
    i

    f i

    Where
    Xi : mid-point
    : : the mean

    by/Dr.Ahmed abdulrazzaq Mohammed


    Example1:compute the M.D for the following data
    20 ,30,40,50 ,60,70,90,95
    Solution
    1- computation of the mean 2- computation of The mean
    deviation n
    X i
    20  30    95
    X  i 1
      56.87
    n 8
    𝒙𝒊 -𝒙
    xi
    𝒙𝒊 − 𝒙
    20 -37 37
    30 -27 27
    40 -17 17
    50 -7 7
    60 3 3
    70 13 13
    90 33 33
    95 38 38
    sum 175
    by/Dr.Ahmed abdulrazzaq Mohammed
    175
    M .D   21.87
    8

    Example2:calculate (M.D) for the following data

    |𝒙𝒊 − 𝒙 ̅ |
    Class f X XF
    f 𝒙𝒊 − 𝒙

    10-20 4
    15 60 19 76
    20-30 6
    25 150 9 54
    30-40 5
    35 175 1 5
    40-50 3
    45 135 11 33
    50-60 4
    55 220 21 84
    sum 22
    740 252

    by/Dr.Ahmed abdulrazzaq Mohammed


    Solution
     Calculation of M.D
    n

    X i Fi
    740
    X  i 1
    n
      34
    F
    22
    i
    i 1

    252
    M .D   11 .45
    22

    By/Dr.Ahmed abdulrazzaq Mohammed


    The Standard Deviation
    Steps for Calculating Standard Deviation

    1. Calculate the difference between each


    value and the mean.
    2. Square each difference.
    3. Add the squared differences.
    4. Divide this total by n to the variance.
    5. Take the square root of the sample
    variance to get the standard deviation.

    by/Dr.Ahmed abdulrazzaq Mohammed


    The Standard Deviation
     Raw Data

     i
    (X  X ) 2

    S.D  i 1
    N

    Where
    Xi : Observation
    X the mean

    N: Sample size

    by/Dr.Ahmed abdulrazzaq Mohammed


    The Standard Deviation
     Grouped Data

     f (X  X )
    i i
    2

    S.D  i 1

    f i

    Where
    Xi : mid-point
    : X: the mean

    by/Dr.Ahmed abdulrazzaq Mohammed


    Example1:compute the S.D for the following data
    20 ,30,40,50 ,60,70,90,95
    Solution n

    X i
    20  30    95
    1- commutation of the mean X  i 1
      56.87
    n 8
    2 computation of The mean deviation

    xi 𝒙𝒊 -𝒙 𝟐
    𝒙𝒊 −𝒙̅

    20 -37 1369
    30 -27 729
    40 -17 289
    50 -7 49
    60 3 9
    70 13 169
    90 33 1089
    95 38 1444
    sum 5147
    by/Dr.Ahmed abdulrazzaq Mohammed
    N

     i
    (X  X ) 2

    S.D  i 1
    N

    5147
    S.D   643.375  25.36
    8

    by/Dr.Ahmed abdulrazzaq Mohammed

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