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In: Statistics and Probability

What is the difference between ordinal data and ratio data? What is the variance for problem...

What is the difference between ordinal data and ratio data? What is the variance for problem number 3? #3 Identify the mode and median of the following data. Compute the mean, range and standard deviation as well. 3 place decimals please!! 18, 20, 19, 22, 20 25 Points – Mode, median and range are 3 points each, mean is 6 points, and standard deviation is 10 points

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Expert Solution

Solution:

An ordinal scale classifies values into distinct categories in which ranking is applied while ratio scale is an ordered scale in which the difference b/w the measurements involves a true zero point like height, weight, age and salary.
Mean = (18+20+19+22+20+25)/6 = 124/6 = 20.67
Lets sort data from smallest to largest
18,19,20,20,22,25
Median = (6+1)/2 = 3.5th Value
median = (20+20)/2 =20
Mode = 20 becuase its frequency is 2.
Range = (Largest - smallest) = (25-18) = 7
Variance = summation(Xi-Xbar)^2 / (n-1)

X

Xi-Xbar

(Xi-Xbar)^2

18

-2.66666666666667

7.11111111111112

20

-0.666666666666668

0.444444444444446

19

-1.66666666666667

2.77777777777778

22

1.33333333333333

1.77777777777777

20

-0.666666666666668

0.444444444444446

25

4.33333333333333

18.7777777777778

20.6666666666667

Summation

31.3333333333333

Variance = (31.333)/5 = 6.27
Standard deviation = sqrt(variance) = sqrt(6.27) = 2.50


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