MEASURES OF SPREAD (RANGE, VARIANCE, STANDARD DEVIATION) Measures of spread describe how the values in a set of data are distributed. (describe how spread out the values are from the mean) range: the difference between the greatest and the least values variance: the mean of the squares of the deviations from the mean standard deviation: Example 1: = var iance Sabrina’s monthly gasoline expenses, in dollars, are shown. 61 83 77 88 67 71 65 72 67 84 90 80 Calculate the range, mean, variance, and standard deviation. a) range b) mean c) variance d) standard deviation xi ( x i x) ( x i x )2 61 83 77 88 67 71 65 72 67 84 90 80 Unit 8 Lesson 5 Page 1 of 2 Example2: A company needs bolts for its heavy machinery. The company must choose between two bolt manufacturers: CanInco and QualiTek. Both manufacturers produce bolts with a mean length of 72mm. According to quality control records, bolts from CanInco have a standard deviation of 2mm while bolts from QualiTek have a standard deviation of 0.1mm. Which manufacturer should the company choose? Explain. In summary, range, variance, and standard deviation are values that can be used to measure the spread in a set of data. The greater these values, the greater the spread of the data values. Homework: p.145–146 #2–8, 10 Unit 8 Lesson 5 Page 2 of 2