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Title: Beyond the Basics of Measures of Variation
Description: This is a class lecture about Beyond the Basics of Measures of Variation. You can learn about the following: • Range Rule of Thumb • Range Rule of Thumb for Estimating Standard Deviation s • Properties of the Standard Deviation • The Empirical Rule • Chebyshev’s Theorem • Comparing Variation in Different Samples • Coefficient of Variation

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BEYOND THE BASICS OF

MEASURES OF
VARIATION
(Class Lecture in Statistics)

Part 6

3
...


3
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1 - 3

Range Rule of Thumb

minimum “usual” value
= (mean) – 2  (standard deviation)

 x  2s

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1 - 5

Range Rule of Thumb
 Usual values fall between the
maximum and minimum usual
values:

x  2s  x  x  2s
 Otherwise the value is unusual

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1 - 7

Example: Standard Deviation
Data (kg):
11 3 0 -2 3 -2 -2 5 -2
7 2 4 1 8 1 0 -5 2
Range rule of thumb:

11  (5) 16
s
  4 kg
4
4
3
...
1 - 9

Properties of the
Standard Deviation


For many data sets, a value is
unusual if it differs from the mean
by more than two standard
deviations

• Compare standard deviations of

two different data sets only if the
they use the same scale and units,
and they have means that are
approximately the same
3
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7) Rule
For data sets having a distribution that is
approximately bell shaped, the following
properties apply:

 About 68% of all values fall within 1
standard deviation of the mean
...

 About 99
...

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1 - 12

The Empirical Rule

3
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1 - 14

Chebyshev’s Theorem
The proportion (or fraction) of any set of
data lying within K standard deviations of
the mean is always at least 1–1/K2, where K
is any positive number greater than 1
...

 For K = 3, at least 8/9 (or 89%) of all
values lie within 3 standard deviations
of the mean
...
1 - 15

Comparing Variation in
Different Samples
It’s a good practice to compare two sample
standard deviations with s only when the
sample means are approximately the
same
...


3
...

Sample

CV =

s · 100%
x

Population

CV =

s
· 100%
m

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1 - 18

Rationale for using n – 1
versus n
There are only n – 1 independent
values
...


3
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It causes s2 to
target 2 whereas division by n
causes s2 to underestimate 2
...
1 - 20

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Title: Beyond the Basics of Measures of Variation
Description: This is a class lecture about Beyond the Basics of Measures of Variation. You can learn about the following: • Range Rule of Thumb • Range Rule of Thumb for Estimating Standard Deviation s • Properties of the Standard Deviation • The Empirical Rule • Chebyshev’s Theorem • Comparing Variation in Different Samples • Coefficient of Variation