Business Statistics

Slides Prepared by JOHN S. LOUCKS St. Edward’s University

Chapter 3 Descriptive Statistics: Numerical Methods Part A ,[object Object],[object Object],x   %

Measures of Location ,[object Object],[object Object],[object Object],[object Object],[object Object]

Example: Apartment Rents ,[object Object],[object Object],[object Object],[object Object]

Mean ,[object Object],[object Object],[object Object],[object Object]

Example: Apartment Rents ,[object Object]

Median ,[object Object],[object Object]

Median ,[object Object],[object Object],[object Object]

Mode ,[object Object],[object Object],[object Object],[object Object]

Example: Apartment Rents ,[object Object],[object Object],[object Object]

Percentiles ,[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Percentiles

Quartiles ,[object Object],[object Object],[object Object],[object Object]

Measures of Variability ,[object Object],[object Object]

Measures of Variability ,[object Object],[object Object],[object Object],[object Object],[object Object]

Range ,[object Object],[object Object],[object Object]

Interquartile Range ,[object Object],[object Object],[object Object]

Variance ,[object Object],[object Object]

Variance ,[object Object],[object Object],[object Object]

Standard Deviation ,[object Object],[object Object],[object Object],[object Object]

Coefficient of Variation ,[object Object],[object Object],[object Object]

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