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Solution - Statistics

Sum: 435
435
Arithmetic mean: x̄=87
x̄=87
Median: 54
54
Range: 225
225
Variance: s2=8370
s^2=8370
Standard deviation: s=91.488
s=91.488

Other Ways to Solve

Statistics

Step-by-step explanation

1. Find the sum

Add all the numbers:

9+24+54+114+234=435

The sum equals 435

2. Find the mean

Divide the sum by the number of terms:

Sum
435
Number of terms
5

x̄=87=87

The mean equals 87

3. Find the median

Arrange the numbers in ascending order:
9,24,54,114,234

Count the number of terms:
There are (5) terms

Because there is an odd number of terms, the middle term is the median:
9,24,54,114,234

The median equals 54

4. Find the range

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

The highest value equals 234
The lowest value equals 9

2349=225

The range equals 225

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 87

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

(987)2=6084

(2487)2=3969

(5487)2=1089

(11487)2=729

(23487)2=21609

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

Sum:
6084+3969+1089+729+21609=33480
Number of terms:
5
Number of terms minus 1:
4

Variance:
334804=8370

The sample variance (s2) equals 8,370

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=8,370

Find the square root:
s=(8370)=91.488

The standard deviation (s) equals 91.488

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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