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Chap. 3 Numerical Descriptive Measures
Chap. 3 Numerical Descriptive Measures
Instructor :
Engr. Ronald M. Ordaneza, RME
Contact # : 0932-747-6231 / 0915-507-8072
Email Add: ronaldordaneza.g@cjc.edu.ph
values observed
values
𝟏+𝟐+𝟑+𝟒+𝟓 𝟏𝟓 𝟏 + 𝟐 + 𝟑 + 𝟒 + 𝟏𝟎 𝟐𝟎
= =𝟑 = =𝟒
𝟓 𝟓 𝟓 𝟓
position of the median in the rank data
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Where R is the rate of return in time period i
[(1-0.5)x / =0
quartile.
Where n is the number of observed values
Q2 = (n+1)/2
Q2 = (9+1)/2
Q2 = 5
So
Q2 = 16
n= 1 2 3 4 5 6 7 8 9
Q3 = 3(n+1)/4
Q3 = 3(9+1)/4
Q3 = 7.5
So
Q3 = 19.5
Mean = 16
Variance =
⋯
Variance = 18 or
= = 4.2426
11 12 13 14 15 16 17 18 19 20 21
Click ok
Activity 1
• Use Microsoft Excel to obtain the descriptive statistics of the housing price
data: