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Solution - Statistics

Sum: 248
248
Arithmetic mean: x̄=35.429
x̄=35.429
Median: 40
40
Range: 21
21
Variance: s2=78.952
s^2=78.952
Standard deviation: s=8.885
s=8.885

Other Ways to Solve

Statistics

Step-by-step explanation

1. Find the sum

Add all the numbers:

24+33+43+44+23+41+40=248

The sum equals 248

2. Find the mean

Divide the sum by the number of terms:

Sum
248
Number of terms
7

x̄=2487=35.429

The mean equals 35.429

3. Find the median

Arrange the numbers in ascending order:
23,24,33,40,41,43,44

Count the number of terms:
There are (7) terms

Because there is an odd number of terms, the middle term is the median:
23,24,33,40,41,43,44

The median equals 40

4. Find the range

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

The highest value equals 44
The lowest value equals 23

4423=21

The range equals 21

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 35.429

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

(2435.429)2=130.612

(3335.429)2=5.898

(4335.429)2=57.327

(4435.429)2=73.469

(2335.429)2=154.469

(4135.429)2=31.041

(4035.429)2=20.898

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

Sum:
130.612+5.898+57.327+73.469+154.469+31.041+20.898=473.714
Number of terms:
7
Number of terms minus 1:
6

Variance:
473.7146=78.952

The sample variance (s2) equals 78.952

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=78.952

Find the square root:
s=(78.952)=8.885

The standard deviation (s) equals 8.885

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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