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Tateekegn Statistic

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Getacho Defaru
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13 views2 pages

Tateekegn Statistic

Uploaded by

Getacho Defaru
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1 what is range

In mathematics, range is a statistical measurement of dispersion, or how much a given data set is
stretched out from smallest to largest. In a set of data, the range is the difference between the greatest
and smallest value 1.

For example, let’s say you have a dataset of 5 numbers: 2, 4, 6, 8, and 10. The greatest value in this
dataset is 10, and the smallest value is 2. Therefore, the range of this dataset is 8 1.

Range is one of four simple tools of statistics, the other three being mean, median, and mode.

Mean is the arithmetic average of a set of numbers, median is the middle number in an ordered set of
numbers, and mode is the most commonly occurring number in a data se

2 discuss with example standaid deviation ?


Standard deviation is a statistical measure that quantifies the amount of
variation or dispersion in a dataset. It tells you how much the data deviates
from the mean. A high standard deviation indicates that the data points are
spread out over a wider range of values, while a low standard deviation
indicates that the data points are clustered around the mean 1.
Here’s an example to help you understand standard deviation better. Let’s
say you have a dataset of 5 numbers: 2, 4, 6, 8, and 10. The mean of this
dataset is 6. If you calculate the standard deviation of this dataset, you’ll get
2.83. This means that the data points are spread out over a range of
approximately 2.83 units from the mean 1.
Calculating standard deviation can be done by hand using a formula, or with
the help of a calculator. You can learn more about how to calculate standard
deviation, its formulas, and how to use it to compare different datasets by
following this link:
3 What is variance? wh what is va
. ore

Variance is a statistical measure that quantifies the amount of variation or dispersion in a dataset. It tells
you how much the data deviates from the mean. Variance is calculated by taking the differences
between each number in the data set and the mean, then squaring the differences to make them
positive, and finally dividing the sum of the squares by the number of values in the data set 1.

Variance is often depicted by this symbol: σ<sup>2</sup> 1. It is used by both analysts and traders to
determine volatility and market security. The square root of the variance is the standard deviation (SD or
σ), which helps determine the consistency of an investment’s returns over a period of time 1.

Here’s an example to help you understand variance better. Let’s say you have a dataset of 5 numbers: 2,
4, 6, 8, and 10. The mean of this dataset is 6. If you calculate the variance of this dataset, you’ll get 8.
This means that the data points are spread out over a range of approximately 8 units from the mean 1.

You can calculate variance by using the following formula:

racsumi=1nbig(xi−overlinexbig)2N

where:

x<sub>i</sub> is each value in the data set.

N is the number of values in the data set.

x̄ is the mean of all values in the data set 1.

I hope this helps! Let me know if you have any other questions.

variance

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