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
From random sample of 48 days in a recent year, U.S. gasoline prices had a mean of $3.63. Assume the population standard deviation is $0.21?

wat is cost accounting and wats its scope ?

customer behaviour in accounting felid of study

Allowance for uncollectible A contra-asset assessment consideration used to indicate the part of a / r that is approximated to be uncollectible.

). Calculate Karl Pearson’s coefficient of correlation from the following data , using 20 as the working mean for price and 70 as the working mean for demand: Price: 14 16 17 18 1

Bonds payable The face worth of bonds issued and honorary. In the case of zero-coupon bonds, however, and the only and the accreted value of the tie is reported as bonds owed on t

what are the function of statistics in business onganizations?

How to interpret Anova

Use the data in the BWGHT.txt for this question. The variable descriptions are given in the file BWGHT_variables.txt. There are 1388 observations in this dataset. (a) Run the regre

Toyota Motors introduced a hybrid car Hybrid G in the U.S. market in 2006. In the first three years, the sales of Hybrid G were strong due to the buzz surrounding the hybrid car co