Please Answer The Following Questions- Will Be Used In A Power Point Presentationmickeybynes
A statistical parameter is a number that is obtained from the data of a statistical distribution.
The statistical parameters are used to synthesize the information given by a table or by a graph.
Types of statistical parameters
There are three types of statistical parameters:
They tell us around what value (center) the data is distributed.
The centralization measures are:
The average is the average value of the distribution.
The median is the score of the scale that separates the upper half of the distribution and the lower half, that is, it divides the data series into two equal parts.
Mode is the most repeated value in a distribution.
Position measurements divide a set of data into groups with the same number of individuals.
To calculate the position measurements, it is necessary that the data be ordered from least to greatest.
The position measurements are:
The quartiles divide the data series into four equal parts.
The deciles divide the data series into ten equal parts.
The percentiles divide the data series into one hundred equal parts.
Measures of dispersion
Dispersion measures tell us how far the values of the distribution move away from the center.
The dispersion measures are:
The range is the difference between the largest and the least of the data of a statistical distribution.
The average deviation is the arithmetic mean of the absolute values of the deviations from the mean.
The variance is the arithmetic mean of the square of the deviations from the mean.
The standard deviation is the square root of the variance.
Also include the Following graphs in your power point presentation:
Distribution Table for the data
• Types of variables
• Bar chart
• Sectors diagrams
• Stat parameters
• Arithmetic average
• Average deviation
• Typical deviation
• Variation coefficient