4.1 What Is an Average? Example
STAT1010 – mean (or average) Chapter 4: Describing data ! 4.1 Averages and measures of center " Describing the center of a distribution ! 4.2 Shapes of distributions " Describing the shape ! 4.3 Quantifying variation " Describing the spread of a distribution 1 4.1 What is an average? ! In statistics, we generally use the term mean instead of average, and the mean has a specific formula… mean = sum of all values total number of values ! The term average could be interpreted in a variety of ways, thus, we’ll focus on the mean of a distribution or set of numbers. 2 Example: Eight grocery stores sell the PR energy bar for the following prices: $1.09 $1.29 $1.29 $1.35 $1.39 $1.49 $1.59 $1.79 Find the mean of these prices. Solution: The mean price is $1.41: $1.09 + $1.29 + $1.29 + $1.35 + $1.39 + $1.49 + $1.59 + $1.79 mean = 8 = $1.41 3 1 STAT1010 – mean (or average) Example: Octane Rating n = 40 87.4, 88.4, 88.7, 88.9, 89.3, 89.3, 89.6, 89.7 89.8, 89.8, 89.9, 90.0, 90.1, 90.3, 90.4, 90.4 90.4, 90.5, 90.6, 90.7, 91.0, 91.1, 91.1, 91.2 91.2, 91.6, 91.6, 91.8, 91.8, 92.2, 92.2, 92.2 92.3, 92.6, 92.7, 92.7, 93.0, 93.3, 93.7, 94.4 4 Example: Octane Rating Technical Note (short hand formula for the mean): Let x1, x2, …, xn represent n values.
[Show full text]