Scribd
Upload
17 views

Mean, Variance and Standard Deviation

Uploaded by

Elliyah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
17 views

Mean, Variance and Standard Deviation

Uploaded by

Elliyah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 8

MEAN, VARIANCE AND STANDARD

DE VIATION
MEAN ( µ or × )
Mean is an essential concept in mathematics and statistics. The mean is the
average or the most common value in a collection of numbers.

Formula:
Relative Frequency Distribution Example

Is the number of times that the If your team has won 9 games from a
event occurs during total of 12 games played.
experimental trials divided by
the total number of trial *the frequency is 9, and the relative
conducted. frequency of winning is 9/12 = 0.75 or
75%
Probability Distribution

 Constructed as a model for the entire


population of measurement

 Presents the x-value as well as their


corresponding probabilities
The Probability Distribution presents the mean value of sales of the XYZ
Company in selling watches in 1 hour.

x P(X) x P(X)
0 0.12 0(0.12) 0.00

1 0.13 1(0.13) 0.13

2 0.24 2(0.24) 0.48


By analyzing and considering the value of the mean. In
8 hours
3 we can expect
0.39 that the value would be 8(2.31)
3(0.39) 1.17=
18.48. Therefore, 18 watches sold in 8 hours.
4 0.07 4(0.07) 0.28

5 0.05 5(0.05) 0.25

1 µ= 2.31
VARIANCE ()

 It is calculated by taking the average of squared deviations


from the mean.
 Variance tells you the degree of spread in your data set. The
more spread the data, the larger the variance is in relation to the
mean.

Formula: Explanation
= (𝒙− µ )^2 P(X) •σ2 = population variance
•Σ = sum of…
•Χ = each value
•μ = population mean
Solving for the mean, variance and standard deviation.
TABULAR FORM

x P(X) x-µ P(X)

0 0.12 -2.31 5.34 0.64


1 0.13 -1.31 1.72 0.22
2 0.24 -0.31 0.10 0.02
3 0.39 -0.69 0.48 0.19
4 0.07 1.69 2.86 0.20
5 0.05 2.69 7.24 0.36
= 1.63
σ = 1.28

µ = 2.31
Standard Deviation
 Is a statistic that measured the dispersion of a data set
relative to its mean and is calculated as the square root of
variance.

You might also like