Median, Modal
Class from
Grouped Data
Session - 4
Measures of Variability
Range
Variance
Standard deviation
Coefficient of variation
Mean from a Frequency Table
Calculating the Mean: If there are large amounts of data, it is
easier if it is displayed in a frequency table.
Example 1.
The number of Games won by KKR in IPL in first 10 days was recorded in a
table. Calculate the mean and the mode.
Example 1.
During 3 hours at Delhi airport 55 aircraft arrived late. The number of
minutes they were late is shown in the grouped frequency table below.
Example 1.
During 3 hours at Delhi airport 55 aircraft arrived late. The number of
minutes they were late is shown in the grouped frequency table below.
Example 1.
During 3 hours at Delhi airport 55 aircraft arrived late. The number of
minutes they were late is shown in the grouped frequency table below.
COURSE CR GR
Calculus 4 C 4*2 = 8
Discr. Math 3 A 3*4 = 12
English Lit. 3 A 3*4 = 12
Chemistry 4 D 4*1 = 4
Comp. Sci. 3 B 3*3 = 9
---- ----
17 45
GPA = 45 / 17 = 2.65
Example: Grades are often computed using a
weighted average. Suppose that homework
counts 10%, quizzes 20%, and tests 70%. If Seema
has a homework grade of 92, a quiz grade of 68,
and a test grade of 81, then find Pat’s overall
grade
= 79.5
Range
425 430 430 435 435 435 435 435 440 440
440 440 440 445 445 445 445 445 450 450
450 450 450 450 450 460 460 460 465 465
465 470 470 472 475 475 475 480 480 480
480 485 490 490 490 500 500 500 500 510
510 515 525 525 525 535 549 550 570 570
575 575 580 590 600 600 600 600 615 615
Variance
( x ) 2
For the population: 2 i
N
( x x ) 2
s2 i
For the sample: n 1
Standard Deviation
( xi ) 2
For the population:
N
( xi x ) 2
For the sample: s
n 1
Coefficient of Variation
s
100 For the sample
x
Broker-Assisted 100 Shares at 50 per Share
Range 45.05
Interquartile Range 23.98
Variance 190.67
Standard Deviation 13.8
Coefficient of
Variation 38.02
25th percentile 6
75th percentile 18
interquart 25 24.995
interquart 75 48.975
Mean 36.32
Online 500 Shares at 50 per Share
Range 57.50
Interquartile Range 11.475
Variance 140.633
Standard Deviation 11.859
Coefficient of Variation 57.949
25th percentile
75th percentile
interquart 25 13.475
interquart 75 24.95
Mean 20.46