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MEAN

The statistical mean refers to the mean or average that is used to derive the
central tendency of the data in question. It is determined by adding all the data
points in a population and then dividing the total by the number of points. The
resulting number is known as the mean or the average.
Similarly, from the above ages that we surveyed we took out the mean value
which resulted out to be as:- 31.9833333 i.e round about 32 years of age was the
average.
Thus, calculating the average age of a group tells us what age most of the people
fall closest to.
MEDIAN

The median is one of the three primary ways to find the average of statistical
data. It is harder to calculate than the mode, but not as labor intensive as
calculating the mean. It is the center in much the same way as finding the center
of a line of people. After listing the data values in ascending order, the median is
the data value with the same number of data values above it and below it.
Similarly, from the above ages that we surveyed we took out the median value
which resulted out to be as:- 28
Thus, the median age is the age that has exactly half of the ages in the
set you put in order above it, and exactly half below it. If you had 99 people in
order by age, it would be age of the 50th person (49 people older, 49 people
younger).Here, we see 28 years of age is the median age.
MODE

The mode is the number that appears most frequently in a set. A set of numbers
may have one mode, more than one mode, or no mode at all.
Similarly, from the above ages that we surveyed we took out the mode which
resulted out to be as:- 19 years of age.
Thus, from the mode which we calculated we analyze the fact that the Naturals
Ice Cream store had the most footfall of 19 years adults.
SKEWNESS

Skewness is a measure of symmetry, or more precisely, the lack of symmetry. A


distribution, or data set, is symmetric if it looks the same to the left and right of
the center point.
Similarly, from the above ages that we surveyed we took out the skewness which
resulted out to be as:-0.570349713 which means skewness is positive, the data
are positively skewed or skewed right, meaning that the right tail of the
distribution is longer than the left. If skewness is negative, the data are
negatively skewed or skewed left, meaning that the left tail is longer.
If skewness = 0, the data are perfectly symmetrical.
Thus, it gives us the insight of the shape distribution of the data.
KURTOSIS

Kurtosis is a statistical measure that defines how heavily the tails of a distribution
differ from the tails of a normal distribution. In other words, kurtosis identifies
whether the tails of a given distribution contain extreme values.
Similarly, from the above ages that we surveyed we took out the kurtosis which
resulted out to be as:- 0.689802978
Skewness essentially measures the symmetry of the distribution while kurtosis
determines the heaviness of the distribution tails.
However, kurtosis is a measure that describes the shape of a distribution's tails in
relation to its overall shape. A distribution can be infinitely peaked with low
kurtosis, and a distribution can be perfectly flat-topped with infinite kurtosis. Thus,
kurtosis measures “tailedness,” not “peakedness.”

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