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MEASURES OF CENTRAL TENDENCY DATA TYPES Type 1 X 10 12 15 (Individual items) Type 2 X f 20 4 25 6 30 2 (Discrete series) Type 3 (Group data) There are two different group data's (1)Continuous group data X F 10------20 4 20------30 6 30------40 2 (2)Discontinuous group data Group F 10------19 4 20------29 6 30------39 2 Important Notes when you solve the questions (1) When you solve Mode, Median, Quartiles, Deciles or Percentiles in Type 3, it must be in continuous form. If it is discontinuous form you will convert into continuous form with the help of Class Boundaries (C.B) (2) When you calculate Median, Quartiles, Deciles or Percentiles in any data type, it must be in arranged form (3) When you calculate Median, Quartiles, Deciles or Percentiles in Type 2 or Type 3, you will make the column of cumulative frequency (C.F) and put the value of "∑f " in the place of "n" (4) When you calculate Mode, Median, Quartiles, Deciles or Percentiles in Type 2 and you have continuous variable, then you will convert into Type 3 with the help of C.B and apply Type 3 formulas while Discrete Variables & Continuous Variables are Discrete Variable A variable which can assume only whole numbers is called discrete variable, e.g. No of students, etc. Continuous Variable A variable which can assume any value between the two specified intervals is called continuous variable, e.g. Height, Weight, Wages etc. Page 1 of 12 In Type 1 (I) Direct formula ARITHMETIC MEAN (A.M or In Type 2 & In Type 3 (I) Direct formula A.M = Where "n" is the total number of values (II) Shortcut formula Where "D= X – A", and "A" is any arbitrary value (II) Shortcut formula A.M = A + (III) Step deviation or coding formula A.M = A + (III) Step deviation or coding formula Where " value and (i) (ii) (iii) (iv) ", A is any arbitrary is the class interval WEIGHTED MEAN ( ) COMBINED MEAN ( ) Properties of A.M Mean of a constant is constant itself Sum of deviation from mean is always zero, i.e. Sum of square of deviation from Mean is minimum, i.e. If Y = aX + b, where "a" and "b" are constant, then MEDIAN ( In Type 1 & In Type 2 In Type 3 Where L = lower limit of the median group h = class interval of the median group f = frequency of the median group c = C.f preceding the median class MODE ( In Type 1 & In Type 2 Most repeated value In Type 3 Where L=lower value of the model class h=class difference of the model class fm=maximum frequency f1=frequency above fm f2=frequency blow fm Relationship between A.M, G.M and H.M A.M ≥ G.M ≥ H.M Empirical relationship between Mean, Median and Mode Mode = 3 Median – 2 Mean Page 2 of 12 In Type 1 HARMONIC MEAN(H.M) In Type 2 & In Type 3 GEOMETRIC MEAN(G.M) In Type 1 In Type 2 & In Type 3 OR QUARTILES(Q1,Q2 and Q3) In Type 1 & In Type 2 In Type 3 Q1 is called lower quartile and Q3 is called upper quartile DECILES(D1,D2,…..,D9) In Type 1 & In Type 2 In Type 3 PERCENTILES(P1,P2,P3,……,P99) In Type 1 & In Type 2 In Type 3 Page 3 of 12 MEASURES OF DISPERSION DATA TYPES Type 1 X 10 12 15 (Individual items) Type 2 X f 20 4 25 6 30 2 (Discrete series) Type 3 (Group data) There are two different group data's (1)Continuous group data X F 10------20 4 20------30 6 30------40 2 (2)Discontinuous group data Group F 10------19 4 20------29 6 30------39 2 Important Notes when you solve the questions (1) When you solve Mode, Median, Quartiles, Deciles or Percentiles in Type 3, it must be in continuous form. If it is discontinuous form you will convert into continuous form with the help of Class Boundaries (C.B) (2) When you calculate Median, Quartiles, Deciles or Percentiles in any data type, it must be in arranged form (3) When you calculate Median, Quartiles, Deciles or Percentiles in Type 2 or Type 3, you will make the column of cumulative frequency (C.F) and put the value of "∑f " in the place of "n" (4) When you calculate Mode, Median, Quartiles, Deciles or Percentiles in Type 2 and you have continuous variable, then you will convert into Type 3 with the help of C.B and apply Type 3 formulas while Discrete Variables & Continuous Variables are Discrete Variable A variable which can assume only whole numbers is called discrete variable, e.g. No of students, etc. Continuous Variable A variable which can assume any value between the two specified interval is called continuous variable, e.g. Height, Weight, Wages etc. Page 4 of 12 RANGE & Coefficient of Range(In any type) QUARTILE DEVIATION(Q.D) & Coefficient of Q.D(In any type) MEAN DEVIATION(M.D) & Coefficient of M.D In Type 1 In Type 2 & In Type 3 In Type 1 (i) Direct formula (ii) Shortcut formula VARIANCE(S2) & Coefficient of Variation(C.V) In Type 2 & In Type 3 (i) Direct formula (ii) Shortcut formula (iii) Step deviation or coding formula (iii) Step deviation or coding formula Page 5 of 12 STANDARD DEVIATION(S.D or S) & Coefficient of S.D In Type 1 (i) Direct formula (i) Direct formula In Type 2 & In Type 3 (ii) Shortcut formula (ii) Shortcut formula (iii) Step deviation or coding formula (iii) Step deviation or coding formula Moments about Mean ( In Type 1 First four moments about Mean ) In Type 2 & In Type 3 First four moments about Mean Raw Moments ( In Type 1 First four moments about Zero First moment about zero is equal to A.M In Type 2 & In Type 3 First four moments about Zero First moment about zero is equal to A.M Page 6 of 12 First four moments about any value First four moments about any value Using shortcut method Using shortcut method Using step deviation method Using step deviation method Relationship between moments about mean and raw moments When you calculate raw moments with the help of step deviation or coding method Moments Ratios & If b1 = 0, the distribution is symmetrical otherwise skewed If b2 = 3, the distribution is normal or mesokurtic If b2 < 3, the distribution is platykurtic If b2 > 3, the distribution is leptokurtic Sheppard's correction for moments Page 7 of 12 (i) (ii) (iii) Properties of Variance & S.D The Variance and S.D is zero if all the observations have some constant value, i.e. Var (a) = 0 & S.D (a) = 0. Where "a" is a constant Variance and S.D do not change by change of origin, i.e. Var(X + a) = Var(X) or Var(X – a) = Var(X) S.D(X + a) = S.D(X) or S.D(X – a) = S.D(X) Variance and S.D are affected by change of scale, i.e. Var(aX) = a2Var(X) (i) Relationship between M.D, Q.D and S.D , , (In any Type of data) Pearson coefficient of Skewness (ii) Bowley's coefficient of Skewness or Page 8 of 12 INDEX NUMBERS INDEX NUMBERS UNWEIGHTED WEIGHTED FIXED BASE METHOD ONE COLUMN OF PRICE MORE THAN ONE COLUMNS OF PRICE CHAIN BASE METHOD ONE COLUMN OF PRICE MORE THAN ONE COLUMNS OF PRICE LASPEYRE'S METHOD PAASCHE'S METHOD PRICE RELATIVES ARE GIVEN FISHER'S METHOD MARSHAL'S METHOD AGGRIGATIVE EXPENDITURE METHOD FAMILY BUDGET METHOD Price relative Link relative Simple aggregative price index number Simple average of price relatives Laspeyre's price index number (also called base year weighted price index number) Page 9 of 12 Paasche's price index number (also called current year weighted price index number) Fisher's price index number Marshall's price index number Aggregative Expenditure method Family Budget method Page 10 of 12 PROBABILITY Sample Space when a coin tossed Sample Space when two coins are tossed Sample Space when three coins are tossed Sample Space when a die Sample Space when two dice are rolled CARDS Red Cards HEART ♥ DIAMOND ♦ ♥2 ♦2 ♥3 ♦3 ♥4 ♦4 ♥5 ♦5 ♥6 ♦6 ♥7 ♦7 ♥8 ♦8 ♥9 ♦9 ♥10 ♦10 ♥K ♦K ♥Q ♦Q ♥J ♦J ♥Ace ♦Ace Black Cards SPADE ♠ CLUB ♣ ♠2 ♣2 ♠3 ♣3 ♠4 ♣4 ♠5 ♣5 ♠6 ♣6 ♠7 ♣7 ♠8 ♣8 ♠9 ♣9 ♠10 ♣10 ♠K ♣K ♠Q ♣Q ♠J ♣J ♠Ace ♣Ace Total Cards = 52 Black Cards = Red Cards = 26 Spade Cards = Club Cards = Diamond Cards = Heart Cards = 13 2's = 3's = 4's = 5's = 6's = 7's = 8's = 9's = 10's = J's = Q's = K's = A's = 4 Picture Cards = 12 Page 11 of 12 Factorial Permutation Combination --------------------------------------------------------------------------OR + ᵁ ∩ AND -----------------------------------------------------------------------------At least 10 mean 10, 9, 8, 7 … At most 20 mean 20, 19, 18, 17… ------------------------------------------------------------------------------P (AUB) = P (A) + P (B) when A and B are mutually exclusive events P (AUB) = P (A) + P (B) – P (A∩B) when A and B are not mutually exclusive events P (A∩B) = P (A) P (B) when A and B are independent events P (A∩B) = P (A) P (B/A) when A and B are dependent events = P (B) P (A/B) -----------------------------------------------------------------------------------Conditional Probability --------------------------------------------------------------------------------------- Page 12 of 12