Copyright 2003 Introduction There are two ways to measure numerical data —particularly if the goal is to measure the least and greatest occurrence of some quantifiable variable.
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ABSOLUTE QUANTITIES The absolute quantity of a quantifiable variable is a measure of the absolute occurrence of the variable.
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The EXCEL file StateLotteries2000.xls shows ticket sales.
When they are sorted in ascending order, we can see
which states have the least and greatest ticket sales in absolute terms.
Conclusion Montana spent the least on lottery tickets, while Massachusetts spent the most.
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RELATIVE QUANTITIES The relative quantity of a quantifiable variable is a measure of the absolute occurrence of the variable in relation to some other quantifiable variable.
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We can measure ticket sales by taking the absolute ticket sales of each state and dividing by the state population.
This ratio is the relative ticket sales.
2000 Ticket Relative
State Population Sales Sales Montana 902,000 $ 29,900,000 $33.15 Nebraska 1,711,000 $ 68,170,000 $39.84 Arizona 5,131,000 $ 255,550,000 $49.81 New Mexico 1,819,000 $ 110,610,000 $60.81 Massachusetts 6,349,000 $ 3,697,970,000 $582.45 Delaware 784,000 $ 556,450,000 $709.76 South Dakota 755,000 $ 581,050,000 $769.60 Rhode Island 1,048,000 $ 864,320,000 $824.73
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Conclusion Once the relative ticket sales for each state is sorted in ascending order, we reach very different conclusions about which states have the least and greatest ticket sales (relative to the state’s population). Montana again spent the least on lottery tickets, while Rhode Island spent the most—in terms of relative sales.
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Summary Many data sets can be analyzed according to various quantitative measures that produce different conclusions.
In general, examining relative quantities is more informative
than absolute quantities.
The change found is an increase if
new value > previous value
The change found is a decrease if
new value < previous value
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RATIOS
Suppose we wish to compare the size of
California’s population to that of Oregon’s. According to the 2000 census, California was home to 33,872,000 people, while 3,421,000 resided in Oregon. Clearly many more people call California home than Oregon. Quantitative Reasoning - DePaul University 10 RATIOS If we compute the ratio of California’s population to Oregon’s we have
Ratio = 33,872,000/3,421,000 = 9.90
What does this mean?
It means that California’s population is
almost ten times as big as Oregon’s. Quantitative Reasoning - DePaul University 11 Changes in a Quantity over Time Population estimates were derived from information available as of Spring 2000. Source: 2000 Statistical Abstract of the US. Area Population (1000's) Country or area (sq. mile) 1980 1990 2000
Afghanistan 250000 14985 14750 25889 Albania 10579 2671 3258 3490 Algeria 919591 18862 25341 31194 Andorra 174 34 53 67 Angola 481351 6741 8056 10145 Antigua & Barbuda 170 69 63 66 Argentina 1056637 28237 32634 36955 Armenia 11506 3115 3366 3344 Australia 2941285 14616 17022 19165 Austria 31942 7549 7718 8131 Azerbaijan 33436 6173 7200 7748 Bahamas 3888 Quantitative Reasoning - DePaul University 210 257 295 12 Data Types Each column represents a different kind of data:
Column A Country Categorical
Column B Area Quantitative Column C 1980 Population Quantitative Column D 1990 Population Quantitative Column E 2000 Population Quantitative
What units are the data expressed in?
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Changes in populations between different time periods We can describe this change by using an absolute change or a relative change to describe either a net gain or a loss.
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Absolute Change Absolute change is defined as the difference from a previous value to a new value.
For example, the change of population for Afghanistan between
1980 and 1990.
Absolute change = 1990 pop – 1980 pop
Absolute change = 14,750,000 – 14,985,000
Absolute change = –235,000
What does the –235,000 represent in terms of the problem?
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Relative Change The relative change is defined as the absolute change divided by the previous value.
For example, the relative change for the Afghanistan’s population is
given by
Relative change = Absolute change/previous
Relative change = (new – previous)/previous
Relative change = (14750 – 14985)/14985
Relative change = –235/14985
Relative change = –0.0156823
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Percent Change We can express relative change as percent change by multiplying by 100%, or