Characteristics of data in statistics, Basic Statistics

Important Characteristics of Data

  • Center - The representative or average value which indicates where the middle of the data is located.

 

  • Variation - the measure of the amount which the data values vary among themselves.

 

  • Distribution - The nature and shape of the distribution of the data (such as uniform bell-shaped, or skewed).

 

  • Outliers - Sample values which lie very far away from vast majority of the other sample values.

 

  • Time - Changing the characteristics of the data over time.

 

Posted Date: 7/19/2012 8:32:55 AM | Location : United States







Related Discussions:- Characteristics of data in statistics, Assignment Help, Ask Question on Characteristics of data in statistics, Get Answer, Expert's Help, Characteristics of data in statistics Discussions

Write discussion on Characteristics of data in statistics
Your posts are moderated
Related Questions
Midrange The midrange is the measure of the center that is the value midway between the highest and the lowest values in the original data set. It is found by adding the highes



Batch costing and method of costing whereby identical units produced are treated as a single unit & the cost incurred is shown to the whole of that batch instead of each individual

Capital assets Assets which meet the state''s capitalization strategy such as ground: developments to l&: easements: buildings: leasehold improvements: means of transportation: or

The average cost of a gallon of unleaded gasoline in Greater Cincinnati was reported to be $2.41 (The Cincinnati Enquirer, February 3, 2006). During periods of rapidly changing pri

Co-relation: Co-relation in this case studies the behavior how each of the investment opportunity would react to any event vis – a vis each other. The same is measured in terms of

Expertsmind.com offering financial accounting help,The Financial Accounting vs. The Book-keeping issues itself with the producing (correctly and in a set of books) of those dealin

I will need to upload the question sheets.

Give a brief discussion of the existing traditional method of absorbing overheads