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Quantitative Data Analysis Thru Descriptive Statistics
Quantitative Data Analysis Thru Descriptive Statistics
D) Measure of Position
This measures how individual values are positioned with one another. This
method of calculation relies on a standardized value. Percentiles and quartile
ranks indicate the measures of position.
A) Mean
Mean is the average of all the values and can be calculated by adding up all
the values and dividing the total sum by the number of values.
C) Mode
The mode is the value that appears most frequently in the set. Arranging the
values in order from lowest to highest helps identify the mode. Any data set
can have no mode, one mode, or multiple modes.
D) Range
The range is the difference between the highest value of the data set and the
lowest value. It can be calculated by subtracting the lowest value from the
highest value. The range indicates how far apart the values are.
E) Standard Deviation
Standard deviation measures the average variability of the values in the data
set or how far individual values are from the mean. A large value of the
standard deviation indicates high variability. Standard deviation is calculated
using six steps:
F) Variance
Variance measures the degree of spread in the data set and is the average of
squared deviations from the mean. A squared standard deviation gives the
variance.
These methods can be used for univariate analysis, bivariate analysis, or
multivariate analysis as needed.
The univariate analysis considers only one variable at a particular time. This
allows the examination of each variable in the data set using different
measures of frequency, variation, and central tendency.
CONCLUSION
Descriptive analytics forms the foundation of quantitative analysis of any set of
data. While a single indicator for a large set of data may distort the specifics of
the values, it still delivers a convenient and usable summary that indicates the
relationship between the variables and allows for essential comparisons.