Mind map
Numerical Measures
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Numerical Measures
central tendency
- mean = avarage
- Sum / total numbers
- Pupulation Mean
- μ = (Σ * X)/ N
- sample Mean
- x̄ = ( Σ xi ) / n
- x̄ just stands for the “sample mean” Σ means “add up” xi “all of the x-values” n means “the number of items in the sample”
- x̄ = ( Σ xi ) / n
- median
- Order the numbers + take the middle number
- mode = the most frequent observation.
- weighted mean
- add and times
- Image Quality 50%Battery Life 30%Zoom Range 20% The Cony camera gets 8 (out of 10) for Image Quality, 6 for Battery Life and 7 for Zoom Range Cony: 0.5 × 8 + 0.3 × 6 + 0.2 × 7 = 4 + 1.8 + 1.4 = 7.2
- add and times
- Rank
- Percentile = increments of 10%
- Quartile = increments of 25%
- mean = avarage
Variability
- the range
- largest value - smalles value
- variance
- The population variance
- σ2 = Σ ( Xi - μ )2 / N
- where σ2 is the population variance, μ is the population mean, Xi is the ith element from the population, and N is the number of elements in the population.
- σ2 = Σ ( Xi - μ )2 / N
- The sample variance:
- s2 = Σ ( xi - x )2 / ( n - 1 )
- where s2 is the sample variance, x is the sample mean, xi is the ith element from the sample, and n is the number of elements in the sample.
- s2 = Σ ( xi - x )2 / ( n - 1 )
- The population variance
- the standard deviation = the square root of the variance.
- Population Standard Deviation
- formula?
- Sample Standard Deviation
- formula?
- Population Standard Deviation
- the range
Information
- Description
- Business Statistics Mind Map on Numerical Measures, created by amma m on 16/01/2017.
- Created by
- amma m · Jan 2017
- Updated
- Feb 20, 2017
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