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Solution - Statistics

Sum: 1,278
1,278
Arithmetic mean: x̄=255.6
x̄=255.6
Median: 108
108
Range: 774
774
Variance: s2=104554.8
s^2=104554.8
Standard deviation: s=323.349
s=323.349

Other Ways to Solve

Statistics

Step-by-step explanation

1. Find the sum

Add all the numbers:

36+54+108+270+810=1278

The sum equals 1,278

2. Find the mean

Divide the sum by the number of terms:

Sum
1,278
Number of terms
5

x̄=12785=255.6

The mean equals 255.6

3. Find the median

Arrange the numbers in ascending order:
36,54,108,270,810

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

Because there is an odd number of terms, the middle term is the median:
36,54,108,270,810

The median equals 108

4. Find the range

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

The highest value equals 810
The lowest value equals 36

81036=774

The range equals 774

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 255.6

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

(36255.6)2=48224.16

(54255.6)2=40642.56

(108255.6)2=21785.76

(270255.6)2=207.36

(810255.6)2=307359.36

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

Sum:
48224.16+40642.56+21785.76+207.36+307359.36=418219.20
Number of terms:
5
Number of terms minus 1:
4

Variance:
418219.204=104554.8

The sample variance (s2) equals 104554.8

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=104554.8

Find the square root:
s=(104554.8)=323.349

The standard deviation (s) equals 323.349

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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