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Solution - Statistics

Sum: 4,725
4,725
Arithmetic mean: x̄=945
x̄=945
Median: 729
729
Range: 2,072
2,072
Variance: s2=699490
s^2=699490
Standard deviation: s=836.355
s=836.355

Other Ways to Solve

Statistics

Step-by-step explanation

1. Find the sum

Add all the numbers:

125+343+729+1331+2197=4725

The sum equals 4,725

2. Find the mean

Divide the sum by the number of terms:

Sum
4,725
Number of terms
5

x̄=945=945

The mean equals 945

3. Find the median

Arrange the numbers in ascending order:
125,343,729,1331,2197

Count the number of terms:
There are (5) terms

Because there is an odd number of terms, the middle term is the median:
125,343,729,1331,2197

The median equals 729

4. Find the range

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

The highest value equals 2,197
The lowest value equals 125

2197125=2072

The range equals 2,072

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 945

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

(125945)2=672400

(343945)2=362404

(729945)2=46656

(1331945)2=148996

(2197945)2=1567504

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

Sum:
672400+362404+46656+148996+1567504=2797960
Number of terms:
5
Number of terms minus 1:
4

Variance:
27979604=699490

The sample variance (s2) equals 699,490

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=699,490

Find the square root:
s=(699490)=836.355

The standard deviation (s) equals 836.355

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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