Characteristics of data in statistics, Basic Statistics

Assignment Help:

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.

 


Related Discussions:- Characteristics of data in statistics

Time series, discuss the nature and causes of the components of an economic...

discuss the nature and causes of the components of an economic time series?

Automated clearing house (ach) , Automated clearing house (ach) A across ...

Automated clearing house (ach) A across the country settlement and selection program that provides for automated submission and arrangement of resources. Although the phrase Elec

Calculate and interpret the measures of dispersion for data, You are workin...

You are working for the management of ESK Jewellery as a marketing consultant. The main business of ESK Jewellery is the retailing of diamond jewellery. They opened their first sho

Define payroll withholdings, Define Payroll Withholdings The U. S. earn...

Define Payroll Withholdings The U. S. earnings tax system-as well as most condition earnings tax systems-requires business employers to hold paycheck taxation from their staff'

Probability, Find the z value corresponding if the area to the left of the ...

Find the z value corresponding if the area to the left of the z is 0.9452

Balance of payments and mobility of labor & capital, Balance of Payments, M...

Balance of Payments, Mobility of Labor and Capital, Trade and Wages Balance of Payments 1. Will a country running a trade deficit import or export capital?  Explain. 2.

Difference, what is the difference between HISTORIGRAMS and HISTOGRAMS?

what is the difference between HISTORIGRAMS and HISTOGRAMS?

Buildings solutions, Buildings solutions Permanent arrangements owned or ...

Buildings solutions Permanent arrangements owned or held by the state. The cost of buildings includes both acquisition costs (historical cost, ancillary costs, and, for proprieta

Journalizing confusing transaction, How would you journalize this transacti...

How would you journalize this transaction? Purchased used truck for $6,240, paying $3,120 cash and the balance on account.

Differentiate between sample and population, Ask question #Midifferentiate ...

Ask question #Midifferentiate between sample and populationnimum 100 words accepted#

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd