Mean

Mode
Median
Standard deviation
Hafizzi
Hafizi
Ali

2
nd
October 2014
BASIC
STATISTIC
STATISTIC
Statistics is the practice of collecting and analysing data.
The analysis of statistics is important for decision making
in events where there are uncertainties.




MEASURES OF CENTRAL TENDENCY
A good way to begin analysing data is to summarize the
data into a single representative value.
The three most common measures of central tendency
are mean, median and mode.
Mean
MEDIAN
Definition: The median is the value that separates the
higher half of a sample from the lower half.
Formula: Arrange all of the values from lowest to highest.
If there are an odd number of entries, the median is
The middle value: If there are an even number of entries,
the median is the mean of the two middle entries.
MODE
DEFINITION: THE MODE IS THE MOST FREQUENTLY OCCURRING
VALUE IN THE DATA SET.
IN A DATA SET WHERE EACH VALUE OCCURS EXACTLY ONCE,
THERE IS NO MODE.
IN EXAMPLE 1, SINCE 3 OCCURRED MORE FREQUENTLY THAN ANY
OTHER VALUE, THE MODE IS 3.
STANDARD DEVIATION
Definition: Standard deviation measures the variation or
dispersion exists from the mean.
A low standard deviation indicates that the data points
tend to be very close to the mean, whereas high
standard deviation indicates that the data points are
spread over a large range of values