Mean, Median, Mode, Standard Deviation and Range

 

Mean, Median, Mode, Standard Deviation and Range


In statistics, measures of central tendency and dispersion are used to summarize and describe the important features of a dataset. The central tendency helps identify the center or average of the data, while dispersion indicates how spread out the data is.


1. Mean (Arithmetic Mean)


Definition: The mean is the average of all data points in a dataset. It is the sum of all values divided by the number of values.


Formula:


\text{Mean} (\mu) = \frac{\sum X}{N}


 is the sum of all data values.


 is the number of data points.



Example: For the dataset: ,


\text{Mean} = \frac{5 + 10 + 15 + 20 + 25}{5} = \frac{75}{5} = 15



2. Median


Definition: The median is the middle value of a dataset when the data points are arranged in ascending or descending order. If there is an odd number of observations, the median is the middle value. If there is an even number of observations, the median is the average of the two middle values.


Steps:


1. Arrange the data in ascending order.



2. Find the middle value.


If the number of data points is odd, the median is the middle number.


If the number of data points is even, the median is the average of the two middle numbers.





Example: For the dataset: , (odd number of values)


The middle value (third value) is 15. Hence, the median is 15.



For the dataset: , (even number of values)


The two middle values are 10 and 15, so the median is:



\text{Median} = \frac{10 + 15}{2} = 12.5




3. Mode


Definition: The mode is the value that occurs most frequently in a dataset. A dataset may have one mode (unimodal), more than one mode (bimodal or multimodal), or no mode if no number repeats.


Example: For the dataset: ,


The mode is 10 because it appears most frequently.



For the dataset: ,


The dataset is bimodal with modes 10 and 15.



For the dataset: ,


There is no mode because no value repeats.




4. Standard Deviation


Definition: The standard deviation measures the spread or dispersion of data points from the mean. A small standard deviation means that the data points are close to the mean, while a large standard deviation means that the data points are spread out over a wider range.


The formula for a sample standard deviation:


\text{Standard Deviation} (s) = \sqrt{\frac{\sum (X_i - \mu)^2}{N-1}}


 is each data point.


 is the mean of the dataset.


 is the number of data points.



Steps:


1. Find the mean of the dataset.



2. Subtract the mean from each data point and square the result.



3. Sum all the squared differences.



4. Divide by  (for a sample) or  (for a population).



5. Take the square root of the result.




Example: For the dataset: ,


1. Mean = 15.



2. Squared differences from the mean:




(5-15)^2 = 100, \quad (10-15)^2 = 25, \quad (15-15)^2 = 0, \quad (20-15)^2 = 25, \quad (25-15)^2 = 100


4. Divide by :




\frac{250}{4} = 62.5


s = \sqrt{62.5} \approx 7.91




5. Range


Definition: The range is a measure of the spread of a dataset. It is the difference between the maximum and minimum values in the dataset.


Formula:


\text{Range} = \text{Maximum Value} - \text{Minimum Value}


Example: For the dataset: ,


Maximum value = 25, Minimum value = 5.


Range = .



Conclusion


Mean, median, and mode are central tendency measures that summarize the data in a single representative value, with the mean being the most widely used but susceptible to extreme values.


Standard deviation quantifies the variability or spread of the data around the mean, helping to understand how data points are distributed.


Range provides a simple measure of dispersion by looking at the extremes of the dataset, but it does not account for the distribution of values between the extremes.



Understanding and applying these measures helps in summarizing and interpreting data for various fields such as research, business, and decision-making.


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