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STATISTICS
Definition
Statistics is the study of the
 collection, organization, analysis,
 and interpretation of data.
Importance
Statistics plays a vital role in every field of
 human activity.

 Economics


 Business


 Astronomy
Mean
The mean is the sum of all the values in a
 set, divided by the number of values.

Example:
1. 2, 1, 10, 2, 5
2. 1, 2, 6, 7
Median
The median is the middle number of a set
  of numbers arranged in numerical order.
If the number of values in a set is
  even, then the median is the sum of the
  two middle values, divided by 2.

Example:
1. 8, 9, 10, 10, 10, 11, 11, 11, 12
2. 5, 3, 4, 7, 8, 5
Mode
The mode is the most frequent value in a
 set. A set can have more than one
 mode; if it has two, it is said to be
 bimodal.

Example:
1. The mode of {1, 1, 2, 3, 5, 8} is ____.
2. The modes of {1, 3, 5, 7, 9, 9, 21, 25,
   25, 31} are ____ and _____. Thus, the
   set is ____.
Seatwork
Get 1 whole sheet of pad paper.
Find the mean, median, and mode.
1. 15    13 18 16 14 17            12
2. 10    12 13 16 17 18            19
    21
3. 7     7    7    9     10 10
4.
   32   34   35   35   36   37     38
   39
5. 5    12   7    14   8    9      4

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Statistics

  • 2. Definition Statistics is the study of the collection, organization, analysis, and interpretation of data.
  • 3. Importance Statistics plays a vital role in every field of human activity.  Economics  Business  Astronomy
  • 4. Mean The mean is the sum of all the values in a set, divided by the number of values. Example: 1. 2, 1, 10, 2, 5 2. 1, 2, 6, 7
  • 5. Median The median is the middle number of a set of numbers arranged in numerical order. If the number of values in a set is even, then the median is the sum of the two middle values, divided by 2. Example: 1. 8, 9, 10, 10, 10, 11, 11, 11, 12 2. 5, 3, 4, 7, 8, 5
  • 6. Mode The mode is the most frequent value in a set. A set can have more than one mode; if it has two, it is said to be bimodal. Example: 1. The mode of {1, 1, 2, 3, 5, 8} is ____. 2. The modes of {1, 3, 5, 7, 9, 9, 21, 25, 25, 31} are ____ and _____. Thus, the set is ____.
  • 7. Seatwork Get 1 whole sheet of pad paper. Find the mean, median, and mode. 1. 15 13 18 16 14 17 12 2. 10 12 13 16 17 18 19 21 3. 7 7 7 9 10 10 4. 32 34 35 35 36 37 38 39 5. 5 12 7 14 8 9 4