Overview
Descriptive statistics is essential for summarizing and understanding data. It provides tools to calculate measures of central tendency, such as mean, median, and mode, which help identify the center of a dataset. Additionally, measures of dispersion, like standard deviation and variance, reveal how...
Key Terms
Example: The mean of 2, 3, and 5 is (2+3+5)/3 = 3.33.
Example: In the set 1, 3, 3, 6, 7, 8, the median is 3.
Example: In the set 1, 2, 2, 3, the mode is 2.
Example: A low standard deviation means values are close to the mean.
Example: Variance helps to understand the spread of data points.
Example: In the set 4, 8, 15, 16, the range is 16 - 4 = 12.