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Solution - Statistics

Sum: 5745.285
5745.285
Arithmetic mean: x̄=1915.095
x̄=1915.095
Median: 714.15
714.15
Range: 4824.135
4824.135
Variance: s2=6899771.294
s^2=6899771.294
Standard deviation: s=2626.742
s=2626.742

Other Ways to Solve

Statistics

Step-by-step explanation

1. Find the sum

Add all the numbers:

103.5+714.15+4927.635=1149057200

The sum equals 1149057200

2. Find the mean

Divide the sum by the number of terms:

Sum
1149057200
Number of terms
3

x̄=383019200=1915.095

The mean equals 1915.095

3. Find the median

Arrange the numbers in ascending order:
103.5,714.15,4927.635

Count the number of terms:
There are (3) terms

Because there is an odd number of terms, the middle term is the median:
103.5,714.15,4927.635

The median equals 714.15

4. Find the range

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

The highest value equals 4927.635
The lowest value equals 103.5

4927.635103.5=4824.135

The range equals 4824.135

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 1915.095

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

(103.51915.095)2=3281876.444

(714.151915.095)2=1442268.893

(4927.6351915.095)2=9075397.252

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

Sum:
3281876.444+1442268.893+9075397.252=13799542.589
Number of terms:
3
Number of terms minus 1:
2

Variance:
13799542.5892=6899771.294

The sample variance (s2) equals 6899771.294

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=6899771.294

Find the square root:
s=(6899771.294)=2626.742

The standard deviation (s) equals 2626.742

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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