Section 2.3 Summer 2013 - Math 1040 June 3, 2013 (1040) M 1040 - 2.3 June 3, 2013 1 / 10 Roadmap Today we work with quantitative data. Remember that sigma, Σ, is the shorthand symbol for addition. There is arithmetic used in today’s lesson: addition of many numbers, multiplication, and division. Describe means, medians, and modes. Describe outliers and effects of them on centers. Weighted means. (1040) M 1040 - 2.3 June 3, 2013 2 / 10 Mean The mean of a data set is the sum of the entries divided by the sample size. sample mean: x̄ = Σx n or x̄ = (1040) x1 + x2 + · · · + xn n M 1040 - 2.3 June 3, 2013 3 / 10 Mean The mean of a data set is the sum of the entries divided by the sample size. sample mean: x̄ = Σx n or x̄ = x1 + x2 + · · · + xn n To find a mean, 1 Add all values together. 2 Divide to total by the sample size n. (1040) M 1040 - 2.3 June 3, 2013 3 / 10 Mean The mean of a data set is the sum of the entries divided by the sample size. sample mean: x̄ = Σx n or x̄ = x1 + x2 + · · · + xn n To find a mean, 1 Add all values together. 2 Divide to total by the sample size n. The mean may be reasonably rounded. The units of measurement of a mean is the same one of the data. (1040) M 1040 - 2.3 June 3, 2013 3 / 10 Mean The data set gives the age in years of twenty students. 20 22 20 22 20 22 20 23 20 23 20 23 21 23 21 24 21 24 21 65 The sum (20 + 20 + · · · + 24 + 65) = 475. The sample size n = 20. Then x̄ = (1040) 475 = 23.75 years. 20 M 1040 - 2.3 June 3, 2013 4 / 10 Median The median of a data set is the middle value of the ordered data. The median will separate the data into two half. When the sample size is odd, the median is a data entry value. When the sample size is even, the median is the average of the middle values. (1040) M 1040 - 2.3 June 3, 2013 5 / 10 Median The median of a data set is the middle value of the ordered data. The median will separate the data into two half. When the sample size is odd, the median is a data entry value. When the sample size is even, the median is the average of the middle values. 20 22 (1040) 20 22 20 22 20 23 20 23 20 23 M 1040 - 2.3 21 23 21 24 21 24 21 65 June 3, 2013 5 / 10 Median The median of a data set is the middle value of the ordered data. The median will separate the data into two half. When the sample size is odd, the median is a data entry value. When the sample size is even, the median is the average of the middle values. 20 22 20 22 20 22 20 23 20 23 20 23 21 23 21 24 21 24 21 65 The median is the average of the values 21 and 22, which is 21.5 years. (1040) M 1040 - 2.3 June 3, 2013 5 / 10 Mode The mode is the most frequent entry in a data set. (1040) M 1040 - 2.3 June 3, 2013 6 / 10 Mode The mode is the most frequent entry in a data set. 20 22 (1040) 20 22 20 22 20 23 20 23 20 23 M 1040 - 2.3 21 23 21 24 21 24 21 65 June 3, 2013 6 / 10 Mode The mode is the most frequent entry in a data set. 20 22 20 22 20 22 20 23 20 23 20 23 21 23 21 24 21 24 21 65 The mode is 20 years. (Six occurances.) (1040) M 1040 - 2.3 June 3, 2013 6 / 10 Mode The mode is the most frequent entry in a data set. 20 22 20 22 20 22 20 23 20 23 20 23 21 23 21 24 21 24 21 65 The mode is 20 years. (Six occurances.) Party Democrat Republican Other (1040) Frequency f 34 56 21 M 1040 - 2.3 June 3, 2013 6 / 10 Mode The mode is the most frequent entry in a data set. 20 22 20 22 20 22 20 23 20 23 20 23 21 23 21 24 21 24 21 65 The mode is 20 years. (Six occurances.) Party Democrat Republican Other Frequency f 34 56 21 The mode is Republican. (1040) M 1040 - 2.3 June 3, 2013 6 / 10 Outliers 20 22 (1040) 20 22 20 22 20 23 20 23 20 23 M 1040 - 2.3 21 23 21 24 21 24 21 65 June 3, 2013 7 / 10 Outliers 20 22 20 22 20 22 20 23 20 23 20 23 21 23 21 24 21 24 21 65 The mean of this set is 23.75 years. Removing the unusual number 65 gives Σx = 410 and x̄ = 410 ÷ 19 ≈ 21.6 years. (1040) M 1040 - 2.3 June 3, 2013 7 / 10 Outliers 20 22 20 22 20 22 20 23 20 23 20 23 21 23 21 24 21 24 21 65 The mean of this set is 23.75 years. Removing the unusual number 65 gives Σx = 410 and x̄ = 410 ÷ 19 ≈ 21.6 years. The median of this set is 21.5 years. Removing the entry 65 gives 21 years. (1040) M 1040 - 2.3 June 3, 2013 7 / 10 Outliers 20 22 20 22 20 22 20 23 20 23 20 23 21 23 21 24 21 24 21 65 The mean of this set is 23.75 years. Removing the unusual number 65 gives Σx = 410 and x̄ = 410 ÷ 19 ≈ 21.6 years. The median of this set is 21.5 years. Removing the entry 65 gives 21 years. The entry is an outlier. These values are far removed from the other entries. They have a big influence on means, but little influence of medians. (1040) M 1040 - 2.3 June 3, 2013 7 / 10 Weighted Means Weighted means are means of data sets with entries having various weights. For example, a course grade may be weighted for different percents for homework, projects, exams, etc. The general form is Σ(x · w ) Σw with w as the weight for each entry. x̄ = (1040) M 1040 - 2.3 June 3, 2013 8 / 10 Weighted Means Salaries for 8 employees with MBAs and 17 with BAs are given below. Degree MBA BA (1040) Salary x $ 45,500 $ 32,000 Weight w 8 17 M 1040 - 2.3 x ·w $ 364,000 $ 544,000 June 3, 2013 9 / 10 Weighted Means Salaries for 8 employees with MBAs and 17 with BAs are given below. Degree MBA BA Salary x $ 45,500 $ 32,000 Weight w 8 17 x ·w $ 364,000 $ 544,000 Σw = 25, and Σ(x · w ) = 908, 000. The weighted mean is x̄ = (1040) $908, 000 = $36, 320. 25 M 1040 - 2.3 June 3, 2013 9 / 10 Assignements Assignment: 1 Read pages 65 - 71. 2 Try page 71 exercises 1-57 odd. Vocabulary: Mean, median, mode, outliers, weighted mean. Understand: How to compute a mean. How to find a median and a mode. Know how they compare, and how they are effected by outliers. Compute a weighted mean. (1040) M 1040 - 2.3 June 3, 2013 10 / 10