(a)
Interpretation:
The mean value of
Concept Introduction:
Mean:
The arithmetic mean (also called average) is the most commonly used measure of central tendency. It is calculated by summing the observed numerical values of a variable in a set of data and then dividing the total by the number of observations involved.
Computation of mean:
If
The mean value is calculated as,
Here, n is total number of values and
(b)
Interpretation:
The standard deviation and the relative standard deviation values has to be calculated.
Concept Introduction:
Standard deviation:
The standard deviation of a random variable X of size n is defined as,
The standard deviation measures the absolute variability of a distribution.
(c)
Interpretation:
The
Concept Introduction:
The confidence interval is determined as follows,
Here,
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