π Exercise Questions & Answers
Q1. Find variance and standard deviation of: 2, 4, 4, 4, 5, 5, 7, 9
Mean = (2+4+4+4+5+5+7+9)/8 = 40/8 = 5
Deviations from mean: β3,β1,β1,β1,0,0,2,4
Squared deviations: 9,1,1,1,0,0,4,16
Variance ΟΒ² = (9+1+1+1+0+0+4+16)/8 = 32/8 = 4
SD Ο = β4 = 2
Q2. What is coefficient of variation? When is it used?
CV = (Ο/mean) Γ 100
It is used to compare variability of two different data sets with different units or means. Lower CV = more consistent/uniform data. Higher CV = more variable data.
Q3. Find mean deviation about mean for: 6, 7, 10, 12, 13, 4, 8
Mean = (6+7+10+12+13+4+8)/7 = 60/7 β 8.57
|deviations| = 2.57, 1.57, 1.43, 3.43, 4.43, 4.57, 0.57
MD = sum/7 = 18.57/7 β 2.65