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Friday, 21 April 2017

Variability



Variance
  • Position of each observation relative to the mean of the set.
  • Measures the amount of spread or variability of observation from mean
  • Useful statistic in certain high level of statistical procedure


standard deviation
  • a measure of how spread out numbers are
  • Square root of variance
  • Widely used and better measure of variability
  • Smaller value of standard deviation, the closer to the mean
  • Sensitive to extreme value
Range
  • difference between the lowest and highest values
  • Tends to increase with sample size
  • Sensitive to very extreme values


By : Fatin Farhana binti Marzuki


References
Retrieved on April 21, 
    2017 https://www.mathsisfun.com/data/standard-deviation-
    formulas.html
Retrieved on April 21, 
    2017 http://www.sciencebuddies.org/science-
    fairprojects/project_data_analysis_variance_       
    std_deviation.shtml
Retrieved on April 21, 
    2017 https://www.mathsisfun.com/data/range.html

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