a.
The median, range, interquartile range and five-number summary.
The median is
The range is
The Interquartile Range is
The five-number summary is
Given:
The median prices of houses in 30 metropolitan areas are:
Prices |
122.7 |
198.8 |
189.2 |
153.6 |
180.4 |
212.1 |
171.8 |
138.7 |
305.4 |
129.3 |
210.4 |
152.6 |
183.9 |
199.4 |
144.4 |
105.5 |
167.2 |
245.8 |
183.8 |
226.1 |
175.5 |
157.7 |
281.8 |
229.1 |
149.9 |
208 |
108.5 |
216.5 |
97.3 |
175.3 |
Calculation:
The median is calculated as:
Arrange the data in ascending order and the number of observations are
Here
The range is calculated as:
The Interquartile range is calculated as:
The five-number summary calculated as:
b.
The mean and standard deviation.
The mean is
The standard deviation is
Calculation:
The mean is calculated as:
S.No | | |
1 | 97.3 | 9467.29 |
2 | 105.5 | 11130.25 |
3 | 108.5 | 11772.25 |
4 | 122.7 | 15055.29 |
5 | 129.3 | 16718.49 |
6 | 138.7 | 19237.69 |
7 | 144.4 | 20851.36 |
8 | 149.9 | 22470.01 |
9 | 152.6 | 23286.76 |
10 | 153.6 | 23592.96 |
11 | 157.7 | 24869.29 |
12 | 167.2 | 27955.84 |
13 | 171.8 | 29515.24 |
14 | 175.3 | 30730.09 |
15 | 175.5 | 30800.25 |
16 | 180.4 | 32544.16 |
17 | 183.8 | 33782.44 |
18 | 183.9 | 33819.21 |
19 | 189.2 | 35796.64 |
20 | 198.8 | 39521.44 |
21 | 199.4 | 39760.36 |
22 | 208 | 43264 |
23 | 210.4 | 44268.16 |
24 | 212.1 | 44986.41 |
25 | 216.5 | 46872.25 |
26 | 226.1 | 51121.21 |
27 | 229.1 | 52486.81 |
28 | 245.8 | 60417.64 |
29 | 281.8 | 79411.24 |
30 | 305.4 | 93269.16 |
SUM | 5420.7 | 1048774.19 |
The Mean can be calculated as follows:
The Standard Deviation can be calculated as follows:
c.
To find whether the median and IQR or the mean and standard deviation is used to summarize the data.
The median and IQR are used to summarize the data.
Concept Used:
When there are outliers present in the data, median and IQR are used to summarize the data.
The data value that is more than
Explanation:
The presence of outliers in the data is identified using the IQR.
The calculated IQR is
In presence of outliers, the median and IQR are used to summarize the data.
Chapter 10 Solutions
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