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Solution - Statistics

Sum: 35.424
35.424
Arithmetic mean: x̄=8.856
x̄=8.856
Median: 8.64
8.64
Range: 5.856
5.856
Variance: s2=6.392
s^2=6.392
Standard deviation: s=2.528
s=2.528

Other Ways to Solve

Statistics

Step-by-step explanation

1. Find the sum

Add all the numbers:

12+9.6+7.68+6.144=4428125

The sum equals 4428125

2. Find the mean

Divide the sum by the number of terms:

Sum
4428125
Number of terms
4

x̄=1107125=8.856

The mean equals 8.856

3. Find the median

Arrange the numbers in ascending order:
6.144,7.68,9.6,12

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

Because there is an even number of terms, identify the middle two terms:
6.144,7.68,9.6,12

Find the value that is halfway between the middle two terms by adding them together and dividing by 2:
(7.68+9.6)/2=17.28/2=8.64

The median equals 8.64

4. Find the range

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

The highest value equals 12
The lowest value equals 6.144

126.144=5.856

The range equals 5.856

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 8.856

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

(128.856)2=9.885

(9.68.856)2=0.554

(7.688.856)2=1.383

(6.1448.856)2=7.355

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

Sum:
9.885+0.554+1.383+7.355=19.177
Number of terms:
4
Number of terms minus 1:
3

Variance:
19.1773=6.392

The sample variance (s2) equals 6.392

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=6.392

Find the square root:
s=(6.392)=2.528

The standard deviation (s) equals 2.528

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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