7 - Mean: Arithmetic average of the observations in a data...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Mean: Arithmetic average of the observations in a data set. (“average value”) Mean is the value which balances the data. Skewed distribution: A distribution is skewed to the right if the right side of the histogram (containing the half of the observations with larger values) extends much farther out than the left side. It is skewed to the left if the left side of the histogram extends much farther out than the right side. Mean is sensitive to the influence of a few extreme observations. These may be outliers, but a skewed distribution that has no outliers will also pull the mean toward its long tail. Because the mean cannot resist the influence of extreme observations, we say that it is not a resistant measure of center. The median, unlike the mean, is resistant. The median M is the midpoint of a distribution, the number such that half the observations are smaller and the other half are larger. 9”typical value”) To find the median of a distribution: 1. Arrange all observations in order of size, from smallest to largest.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

7 - Mean: Arithmetic average of the observations in a data...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online