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91Ó°ÊÓ

Find the population variance and standard deviation or the sample variance and standard deviation as indicated. $$ \text { Sample: } 83,65,91,87,84 $$

Short Answer

Expert verified
Sample variance is 100. Sample standard deviation is 10.

Step by step solution

01

- Compute the Sample Mean

First, calculate the mean of the sample. The formula for the mean \( \bar{x} \) of a sample is: \[ \bar{x} = \frac{\text{sum of all observations}}{\text{number of observations}} \] \ \[\bar{x} = \frac{83 + 65 + 91 + 87 + 84}{5} = \frac{410}{5} = 82 \]
02

- Calculate Each Deviation from the Mean

Subtract the mean from each observation to find the deviation: \[ 83 - 82 = 1, \ 65 - 82 = -17, \ 91 - 82 = 9, \ 87 - 82 = 5, \ 84 - 82 = 2 \]
03

- Square Each Deviation

Square each of the deviations to eliminate negative values: \[ 1^2 = 1, \ (-17)^2 = 289, \ 9^2 = 81, \ 5^2 = 25, \ 2^2 = 4 \]
04

- Compute the Variance

Sum the squared deviations and divide by the number of observations minus one (since this is a sample): \[ S^2 = \frac{1 + 289 + 81 + 25 + 4}{5-1} = \frac{400}{4} = 100 \] The sample variance is 100.
05

- Compute the Standard Deviation

Finally, take the square root of the variance to get the standard deviation: \[ S = \sqrt{100} = 10 \] The sample standard deviation is 10.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Sample Mean
To begin with, the sample mean, often called the average, gives us a central value for the data points in our sample. It’s calculated as the sum of all the observations divided by the number of observations.
The formula for the sample mean (\( \bar{x} \)) is:
\[ \bar{x} = \frac{\text{Sum of all observations}}{\text{Number of observations}} \]
For example, if your sample data consists of the numbers 83, 65, 91, 87, and 84,
  • First, add up all these values: 83 + 65 + 91 + 87 + 84 = 410.
  • Next, divide the total by the number of observations, which is 5: \[ \bar{x} = \frac{410}{5} = 82 \]
So, the sample mean is 82. It’s important because it serves as a reference point for further calculations.
Deviation from the Mean
Deviation from the mean helps us understand how each individual observation in the sample differs from the central value (the mean).
To find the deviation, subtract the sample mean from each observation:
  • For 83: Deviation = 83 - 82 = 1
  • For 65: Deviation = 65 - 82 = -17
  • For 91: Deviation = 91 - 82 = 9
  • For 87: Deviation = 87 - 82 = 5
  • For 84: Deviation = 84 - 82 = 2
These deviations show us how much each data point varies from the mean, with some being above and some being below the mean.
Squared Deviations
To find the squared deviations, simply square each of the deviations calculated in the previous step. This squaring is essential to eliminate negative values and emphasize larger deviations.
Here’s how it’s done:
  • For a deviation of 1: \[ 1^2 = 1 \]
  • For a deviation of -17: \[ (-17)^2 = 289 \]
  • For a deviation of 9: \[ 9^2 = 81 \]
  • For a deviation of 5: \[ 5^2 = 25 \]
  • For a deviation of 2: \[ 2^2 = 4 \]
By squaring the deviations, we get the following set of values: 1, 289, 81, 25, and 4. These squared deviations play a crucial role in calculating the variance and standard deviation.
Variance Calculation
Once we have the squared deviations, we can move on to calculating the variance. Variance provides a measure of how spread out the values in a sample are around the mean.
\[ S^2 = \frac{\sum (\text{Squared Deviations})}{\text{Number of Observations} - 1} \]
For our example:
  • Sum of squared deviations = 1 + 289 + 81 + 25 + 4 = 400
  • Number of observations = 5
  • Thus, \[ S^2 = \frac{400}{5 - 1} = \frac{400}{4} = 100 \]
The result is a variance of 100. This tells us the average of the squared deviations from the mean.
Standard Deviation Calculation
Finally, the standard deviation gives us a measure of the spread of data points in their original units. It’s the square root of the variance.
\[ S = \sqrt{S^2} \]
For our sample:
\[ S = \sqrt{100} = 10 \]
This result indicates that, on average, the observations differ from the mean by about 10 units. The standard deviation helps us understand the degree of variation in our sample data.
Remember, both variance and standard deviation are key concepts in statistics, providing insights into the variability within datasets and aiding in further statistical analyses.

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Most popular questions from this chapter

The highest batting average ever recorded in Major League Baseball was by Ted Williams in 1941 when he hit \(0.406 .\) That year, the mean and standard deviation for batting average were 0.2806 and \(0.0328 .\) In 2014 Jose Altuve was the American League batting champion, with a batting average of \(0.341 .\) In \(2014,\) the mean and standard deviation for batting average were 0.2679 and \(0.0282 .\) Who had the better year relative to his peers, Williams or Altuve? Why?

Ethan and Drew went on a 10 -day fishing trip. The number of smallmouth bass caught and released by the two boys each day was as follows: $$ \begin{array}{lrrrrrrrrrr} \hline \text { Ethan } & 9 & 24 & 8 & 9 & 5 & 8 & 9 & 10 & 8 & 10 \\ \hline \text { Drew } & 15 & 2 & 3 & 18 & 20 & 1 & 17 & 2 & 19 & 3 \\ \hline \end{array} $$ (a) Find the population mean and the range for the number of smallmouth bass caught per day by each fisherman. Do these values indicate any differences between the two fishermen's catches per day? Explain. (b) Draw a dot plot for Ethan. Draw a dot plot for Drew. Which fisherman seems more consistent? (c) Find the population standard deviation for the number of smallmouth bass caught per day by each fisherman. Do these values present a different story about the two fishermen's catches per day? Which fisherman has the more consistent record? Explain. (d) Discuss limitations of the range as a measure of dispersion.

Morningstar is a mutual fund rating agency. It ranks a fund's performance by using one to five stars. A one-star mutual fund is in the bottom \(10 \%\) of its investment class; a five-star mutual fund is at the 90 th percentile of its investment class. Interpret the meaning of a five-star mutual fund.

We have all heard of the Old Faithful geyser in Yellowstone National Park. However, there is another, less famous, Old Faithful geyser in Calistoga, California. The following data represent the length of eruption (in seconds) for a random sample of eruptions of the California Old Faithful. $$ \begin{array}{rrrrrrr} \hline 108 & 108 & 99 & 105 & 103 & 103 & 94 \\ \hline 102 & 99 & 106 & 90 & 104 & 110 & 110 \\ \hline 103 & 109 & 109 & 111 & 101 & 101 & \\ \hline 110 & 102 & 105 & 110 & 106 & 104 & \\ \hline 104 & 100 & 103 & 102 & 120 & 90 & \\ \hline 113 & 116 & 95 & 105 & 103 & 101 & \\ \hline 100 & 101 & 107 & 110 & 92 & 108 & \\ \hline \end{array} $$ Determine the shape of the distribution of length of eruption by drawing a frequency histogram. Find the mean and median. Which measure of central tendency better describes the length of eruption?

The data set on the left represents the annual rate of return (in percent) of eight randomly sampled bond mutual funds, and the data set on the right represents the annual rate of return (in percent) of eight randomly sampled stock mutual funds. $$ \begin{array}{lll} \hline 2.0 & 1.9 & 1.8 \\ \hline 3.2 & 2.4 & 3.4 \\ \hline 1.6 & 2.7 & \\ \hline \end{array} $$ $$ \begin{array}{lll} \hline 8.4 & 7.2 & 7.6 \\ \hline 7.4 & 6.9 & 9.4 \\ \hline 9.1 & 8.1 & \\ \hline \end{array} $$ (a) Determine the mean and standard deviation of each data set. (b) Based only on the standard deviation, which data set has more spread? (c) What proportion of the observations is within one standard deviation of the mean for each data set? (d) The coefficient of variation, \(C V\), is defined as the ratio of the standard deviation to the mean of a data set, so $$ C V=\frac{\text { standard deviation }}{\text { mean }} $$ The coefficient of variation is unitless and allows for comparison in spread between two data sets by describing the amount of spread per unit mean. After all, larger numbers will likely have a larger standard deviation simply due to the size of the numbers. Compute the coefficient of variation for both data sets. Which data set do you believe has more "spread"? (e) Let's take this idea one step further. The following data represent the height of a random sample of 8 male college students. The data set on the left has their height measured in inches, and the data set on the right has their height measured in centimeters. $$ \begin{array}{lll} \hline 74 & 68 & 71 \\ \hline 66 & 72 & 69 \\ \hline 69 & 71 & \\ \hline \end{array} $$ $$ \begin{array}{lll} \hline 187.96 & 172.72 & 180.34 \\ \hline 167.64 & 182.88 & 175.26 \\ \hline 175.26 & 180.34 & \\ \hline \end{array} $$

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