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Unit 9 Seminar Agenda • • • • Final Project and Due Dates Measures of Central Tendency Measures of Dispersion Celebrate! Copyright © 2009 Pearson Education, Inc. Slide 13 - 1 Final Project and Due Dates • Final project is due to the dropbox by Tuesday, September 6th by 11:59 PM ET. • Late final projects will be docked 5% per day late and will not be accepted after 4 days late. • If you have any questions about the assignment requirements there is a page in the Unit 9 introduction with all of the info you should need, as well as some sample projects to give you an idea of what I'm expecting from the finished product. • Late assignments: The last day to submit any late assignments or message board posts will be Sunday, September 11th, 11:59 PM ET. Copyright © 2009 Pearson Education, Inc. Slide 13 - 2 9.1 Measures of Central Tendency • An average is a number that is representative of a group of data. • The arithmetic mean, or simply the mean is symbolized by x , when it is a sample of a population or by the Greek letter mu, , when it is the entire population. Copyright © 2009 Pearson Education, Inc. Slide 13 - 3 Mean • The mean, is the sum of the data divided by the number of pieces of data. The formula for calculating the mean is Sx x n • where Sx represents the sum of all the data and n represents the number of pieces of data. Copyright © 2009 Pearson Education, Inc. Slide 13 - 4 Example-find the mean • Find the mean amount of money parents spent on new school supplies and clothes if 5 parents randomly surveyed replied as follows: $327 $465 $672 $150 $230 327 465 672 150 230 1844 x 368.8 5 5 Copyright © 2009 Pearson Education, Inc. Slide 13 - 5 Median • The median is the value in the middle of a set of ranked data. • Example: Determine the median of $327 $465 $672 $150 $230. Rank the data from smallest to largest. $150 $230 $327 $465 $672 middle value (median) Copyright © 2009 Pearson Education, Inc. Slide 13 - 6 Example: Median (even data) • Determine the median of the following set of data: 8, 15, 9, 3, 4, 7, 11, 12, 6, 4. Rank the data: 3 4 4 6 7 8 9 11 12 15 There are 10 pieces of data so the median will lie halfway between the two middle pieces the 7 and 8. The median is (7 + 8)/2 = 7.5 3 4 4 6 7 8 9 11 12 15 (median) middle value Copyright © 2009 Pearson Education, Inc. Slide 13 - 7 Mode • The mode is the piece of data that occurs most frequently. • Example: Determine the mode of the data set: 3, 4, 4, 6, 7, 8, 9, 11, 12, 15. • The mode is 4 since it occurs twice and the other values only occur once. Copyright © 2009 Pearson Education, Inc. Slide 13 - 8 Example • The weights of eight Labrador retrievers rounded to the nearest pound are 85, 92, 88, 75, 94, 88, 84, and 101. Determine the a) mean c) mode Copyright © 2009 Pearson Education, Inc. b) median Slide 13 - 9 Example--dog weights 85, 92, 88, 75, 94, 88, 84, 101 a. Mean 85 92 88 75 94 88 84 101 707 x 88.375 8 8 b. Median Rank the data: 75, 84, 85, 88, 88, 92, 94, 101 The median is 88. c. Mode-the number that occurs most frequently. The mode is 88. Copyright © 2009 Pearson Education, Inc. Slide 13 - 10 Measures of Position • Measures of position are often used to make comparisons. • Two measures of position are percentiles and quartiles. • Both measure how many data points are less than the given value. • 1st Quartile – 25% of the data values are less than the 1st Quartile • 99th Percentile – 99% of the data values are less than the 99th Percentile Copyright © 2009 Pearson Education, Inc. Slide 13 - 11 To Find the Quartiles of a Set of Data 1. Order the data from smallest to largest. 2. Find the median, or 2nd quartile, of the set of data. If there are an odd number of pieces of data, the median is the middle value. If there are an even number of pieces of data, the median will be halfway between the two middle pieces of data. Copyright © 2009 Pearson Education, Inc. Slide 13 - 12 To Find the Quartiles of a Set of Data continued 3. The first quartile, Q1, is the median of the lower half of the data; that is, Q1, is the median of the data less than Q2. 4. The third quartile, Q3, is the median of the upper half of the data; that is, Q3 is the median of the data greater than Q2. Copyright © 2009 Pearson Education, Inc. Slide 13 - 13 Example: Quartiles • The weekly grocery bills for 23 families are as follows. Determine Q1, Q2, and Q3. 170 330 225 75 95 210 80 225 160 172 Copyright © 2009 Pearson Education, Inc. 270 170 215 130 190 270 240 310 74 280 270 50 81 Slide 13 - 14 Example: Quartiles continued • Order the data: 50 75 74 160 170 170 225 225 240 310 330 80 172 270 81 190 270 95 210 270 130 215 280 Q2 is the median of the entire data set which is 190. Q1 is the median of the numbers from 50 to 172 which is 95. Q3 is the median of the numbers from 210 to 330 which is 270. Copyright © 2009 Pearson Education, Inc. Slide 13 - 15 Measures of Dispersion • Measures of dispersion are used to indicate the spread of the data. • The range is the difference between the highest and lowest values; it indicates the total spread of the data. Range = highest value – lowest value Copyright © 2009 Pearson Education, Inc. Slide 13 - 16 Example: Range • Nine different employees were selected and the amount of their salary was recorded. Find the range of the salaries. $24,000 $32,000 $26,500 $56,000 $48,000 $27,000 $28,500 $34,500 $56,750 • Range = $56,750 $24,000 = $32,750 Copyright © 2009 Pearson Education, Inc. Slide 13 - 17 Standard Deviation • The standard deviation measures how much the data differ from the mean. It is symbolized with s when it is calculated for a sample, and with (Greek letter sigma) when it is calculated for a population. s Copyright © 2009 Pearson Education, Inc. S xx 2 n 1 Slide 13 - 18 To compute mean and standard deviation using a calculator •In Windows choose Start > Accessories > Calculator • Select View > Statistics • Enter numbers then the Add key to create a list • Use the x-bar key for mean • Use the σ(n-1) key for sample standard deviation Copyright © 2009 Pearson Education, Inc. Slide 13 - 19 To compute mean and standard deviation using the web/Excel http://www.easycalculation.com/statistics/statistics.php In Excel use the Average() function for mean. Use the Stdev() function for sample standard deviation. Copyright © 2009 Pearson Education, Inc. Slide 13 - 20 To Find the Standard Deviation of a Set of Data 1. Find the mean of the set of data. 2. Make a chart having three columns: Data Data - Mean (Data - Mean)2 3. List the data vertically under the column marked Data. 4. Subtract the mean from each piece of data and place the difference in the Data - Mean column. Copyright © 2009 Pearson Education, Inc. Slide 13 - 21 To Find the Standard Deviation of a Set of Data continued 5. Square the values obtained in the Data Mean column and record these values in the (Data - Mean)2 column. 6. Determine the sum of the values in the (Data - Mean)2 column. 7. Divide the sum obtained in step 6 by n - 1, where n is the number of pieces of data. 8. Determine the square root of the number obtained in step 7. This number is the standard deviation of the set of data. Copyright © 2009 Pearson Education, Inc. Slide 13 - 22 Example • Find the standard deviation of the following prices of selected washing machines: $280, $217, $665, $684, $939, $299 Find the mean. 280 217 665 684 939 299 3084 x 514 6 6 Copyright © 2009 Pearson Education, Inc. Slide 13 - 23 Example continued, mean = 514 Data 217 280 299 665 684 939 Data Mean 297 234 215 151 170 425 0 Copyright © 2009 Pearson Education, Inc. (Data Mean)2 (297)2 = 88,209 54,756 46,225 22,801 28,900 180,625 421,516 Slide 13 - 24 Example continued, mean = 514 s S xx 2 n 1 421,516 84303.2 290.35 5 • The standard deviation is $290.35. Copyright © 2009 Pearson Education, Inc. Slide 13 - 25