This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: • If comparing variation across two data sets, use coefficient of variation (C.V) Five Number Summary The five number summary of a data set consists of the minimum value, the first quartile, the second quartile, the third quartile and the maximum value written in that order: Min, Q 1 , Q 2 , Q 3 , Max. From the three quartiles we can obtain a measure of central tendency (the median, Q 2 ) and measures of variation of the two middle quarters of the distribution, Q 2-Q 1 for the second quarter and Q 3-Q 2 for the third quarter....
View Full Document
This note was uploaded on 06/19/2011 for the course ECON 202 taught by Professor Pharuddin during the Summer '11 term at The School of the Art Institute of Chicago.
- Summer '11