In: Statistics and Probability
The following is a small data set of 25 observations. I want you to calculate some statistics by hand to cement the class material. You can use the regular formula for the variance or the computational formula - I’m just interested in the correct result. If you use the computational formula, you will want to calculate a separate row of each value squared in order to calculate the Sum(x^2). Excel can be used to solve this problem.
VarX |
44 |
34 |
49 |
58 |
17 |
44 |
34 |
49 |
45 |
20 |
26 |
40 |
35 |
37 |
57 |
45 |
70 |
35 |
37 |
42 |
44 |
45 |
27 |
46 |
63 |
b. Calculate the following (show your work):
c. Calculate a z-score for a data value of 70. Describe this in words.
We create a Stem and Leaf Plot of the above data is as below
Stem | leaf |
1 | 7 |
2 | 0, 6, 7 |
3 | 4, 4, 5, 5, 7, 7 |
4 | 0, 2, 4, 4, 4, 5, 5, 5, 6, 9, 9 |
5 | 7, 8 |
6 | 3 |
7 | 0 |
We prepare the following table for finding above values
Ascending Xi | |||
44 | 17 | 41.72 | 5.1984 |
34 | 20 | 41.72 | 59.5984 |
49 | 26 | 41.72 | 52.9984 |
58 | 27 | 41.72 | 265.0384 |
17 | 34 | 41.72 | 611.0784 |
44 | 34 | 41.72 | 5.1984 |
34 | 35 | 41.72 | 59.5984 |
49 | 35 | 41.72 | 52.9984 |
45 | 37 | 41.72 | 10.7584 |
20 | 37 | 41.72 | 471.7584 |
26 | 40 | 41.72 | 247.1184 |
40 | 42 | 41.72 | 2.9584 |
35 | 44 | 41.72 | 45.1584 |
37 | 44 | 41.72 | 22.2784 |
57 | 44 | 41.72 | 233.4784 |
45 | 45 | 41.72 | 10.7584 |
70 | 45 | 41.72 | 799.7584 |
35 | 45 | 41.72 | 45.1584 |
37 | 46 | 41.72 | 22.2784 |
42 | 49 | 41.72 | 0.0784 |
44 | 49 | 41.72 | 5.1984 |
45 | 57 | 41.72 | 10.7584 |
27 | 58 | 41.72 | 216.6784 |
46 | 63 | 41.72 | 18.3184 |
63 | 70 | 41.72 | 452.8384 |
1043 | 3727.04 |
We find the following values using above table
1) Mean :- We find the mean of above data using following formula
Mean =
2) Median :- We find the median of above data using following formula
N = total number of observations = 25
For finding median, we arrange the data in ascending order which is in second column of above table.
Using second column of above table we find median
Median = value of (N + 1)/2 th observation
= value of (25 + 1)/2 th observation
= value of 13th observation
Median = 44
3) Mode :- We find the mode of above data using following way
Mode = Most frequent or repeated value in the data
Here, there are two mode exist because the data values 44 and 45 occuring in 3 times in the above data
the above data is bimodal
Mode = 44 and 45
4) Range :- For finding the range, we first arrange the data in ascending order which is in second column of above table.
Using second column of above table we find the range
The formula of range is
Range = Largest value - Smallest value
For above data, Largest value = 70 and Smallest value = 17
Range = Largest value - Smallest value
= 70 - 17
Range = 53
5) Variance ():- We find the variance of above data using following formula
Variance =
6) Std. Deviation () :- We find the Std. Deviation of above data using following formula
(Round answer up to 4 decimal places)
Std. Deviation =
7) Coefficient of Variation (C.V.) :- We find the Coefficient of Variation of above data using following formula
(Round answer up to 4 decimal places)
Coefficient of Variation =
c. We calculate a z-score for a data value of 70
X = a data value = 70
We find z-score using following formula
Using above values of and we get z-score is as below
(Round answer up to 2 decimal places)
The above z-score is 2.32 means that the above value 70 is far away 2.32 standard deviation from mean which is equal 41.72.