Mode Is the observation that appears the most times More useful for dataset

Mode is the observation that appears the most times

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Mode - Is the observation that appears the most times. - More useful for dataset that contains relatively small number of unique data. - Disadvantage: It is not unique. - For frequency distribution and histograms of grouped data, the mode is the group with the greatest frequency. Measures of Dispersion: Why? - Variation can be more important than the mean or ‘average’. - Two companies supply products (components) to another company. The Sample Standard Deviation (s) The variance is the square of the average difference (or distance) of all x-values of a variable from their mean. σ = ( x −´ x ) 2 n The Range - From the ranked values we can find the range, which is the difference between the largest and the smallest numbers in our data. - Range= Largest Value (Max) – Smallest Value (Min) - It is simply a measure of the distance between the largest and the smallest values. Interquartile Range - The difference between the upper and lower quartiles is called the Interquartile Range (IQR) - It basically measures the distance between the upper quartile and the lower quartile. - 50% of your data are within the IQR
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  • Summer '20
  • Interquartile range, Quartile

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