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Solution - Statistics

Sum: 666
666
Arithmetic mean: x̄=166.5
x̄=166.5
Median: 97
97
Range: 456
456
Variance: s2=43339
s^2=43339
Standard deviation: s=208.180
s=208.180

Other Ways to Solve

Statistics

Step-by-step explanation

1. Find the sum

Add all the numbers:

8+39+155+464=666

The sum equals 666

2. Find the mean

Divide the sum by the number of terms:

Sum
666
Number of terms
4

x̄=3332=166.5

The mean equals 166.5

3. Find the median

Arrange the numbers in ascending order:
8,39,155,464

Count the number of terms:
There are (4) terms

Because there is an even number of terms, identify the middle two terms:
8,39,155,464

Find the value that is halfway between the middle two terms by adding them together and dividing by 2:
(39+155)/2=194/2=97

The median equals 97

4. Find the range

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

The highest value equals 464
The lowest value equals 8

4648=456

The range equals 456

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 166.5

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

(8166.5)2=25122.25

(39166.5)2=16256.25

(155166.5)2=132.25

(464166.5)2=88506.25

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

Sum:
25122.25+16256.25+132.25+88506.25=130017.00
Number of terms:
4
Number of terms minus 1:
3

Variance:
130017.003=43339

The sample variance (s2) equals 43,339

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=43,339

Find the square root:
s=(43339)=208.180

The standard deviation (s) equals 208.18

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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