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Solution - Statistics

Sum: 429
429
Arithmetic mean: x̄=61.286
x̄=61.286
Median: 24
24
Range: 242
242
Variance: s2=8332.238
s^2=8332.238
Standard deviation: s=91.281
s=91.281

Other Ways to Solve

Statistics

Step-by-step explanation

1. Find the sum

Add all the numbers:

1+32+243+1+24+3+125=429

The sum equals 429

2. Find the mean

Divide the sum by the number of terms:

Sum
429
Number of terms
7

x̄=4297=61.286

The mean equals 61.286

3. Find the median

Arrange the numbers in ascending order:
1,1,3,24,32,125,243

Count the number of terms:
There are (7) terms

Because there is an odd number of terms, the middle term is the median:
1,1,3,24,32,125,243

The median equals 24

4. Find the range

To find the range, subtract the lowest value from the highest value.

The highest value equals 243
The lowest value equals 1

2431=242

The range equals 242

5. Find the variance

To find the sample variance, find the difference between each term and the mean, square the results, add together all of the squared results, and divide the sum by the number of terms minus 1.

The mean equals 61.286

To get the squared differences, subtract the mean from each term and square the result:

(161.286)2=3634.367

(3261.286)2=857.653

(24361.286)2=33020.082

(161.286)2=3634.367

(2461.286)2=1390.224

(361.286)2=3397.224

(12561.286)2=4059.510

To get the sample variance, add together the squared differences and divide their sum by the number of terms minus 1

Sum:
3634.367+857.653+33020.082+3634.367+1390.224+3397.224+4059.510=49993.427
Number of terms:
7
Number of terms minus 1:
6

Variance:
49993.4276=8332.238

The sample variance (s2) equals 8332.238

6. Find the standard deviation

The standard deviation of the sample equals the square root of the sample variance. This is why the variance is usually represented by a squared variable.

Variance: s2=8332.238

Find the square root:
s=(8332.238)=91.281

The standard deviation (s) equals 91.281

Why learn this

The science of statistics deals with the collection, analysis, interpretation, and presentation of data, particularly in the contexts of uncertainty and variation. Understanding even the most basic of concepts in statistics can help us better process and understand information that we encounter in our everyday lives! Additionally, more data is collected now, in the 21st century, than ever before in all of human history. As computers have become more powerful, they have made it easier to analyze and interpret ever-larger datasets. Because of this, statistical analysis is becoming increasingly important in many fields, allowing governments and companies to fully understand and react to data.

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