| BANKS | __________ | versus | __________ | doesn't affect mean but | |
| __________ | _____ | __________ | reduces the variation | ||
| __________ | __________ | ||||
| __________ |
STANDARD DEVIATION AND VARIANCE
| SAMPLE | ![]() |
| POPULATION | ![]() |
| Example: | 24 29 35 39 43 48 55 |
USEFUL ALTERNATIVE FORMULA for Sample
when mean is messy
|
| #6 | 2 4 4 5 7 8 8 9 10 12 13 16 |
Use calculator for second part of #6
GROUPED DATA
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| Age | x | Students | xf | x^2 | x^2f |
| 0-2 | 23 | ||||
| 3-5 | 33 | ||||
| 6-8 | 63 | ||||
| 9-11 | 68 | ||||
| 12-14 | 19 | ||||
| 15-17 | 10 | ||||
| 18-20 | 1 | ||||
| 21-23 | 0 |
UNDERSTANDING STANDARD DEVIATION
| MOST data falls within 4s | That is: within plus or minus (2) of mean |
| RANGE ~ 4s | That is: (High - Low) ~ 4s |
CHEBYSHEV'S THEOREM True for ANY type of distribution
Proportion of data within k standard deviations is at least 1 - 1/k^2
k = 2
then 1 - 1/4 = 3/4
k = 3
then 1 - 1/9 = 8/9
k = 4 then 1 - 1/16 = 15/16
EMPIRICAL RULE - If Distribution is approximately
bell shaped,
then 68-95-99 Rule
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Discuss Shifting Data and how affects mean and Standard
Deviation