statistics formula and some examples
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For the following formulas, assume that Y is a linear transformation of the random variable X, defined by the equation: Y = aX + b. ... Variance of a linear transformation = Var(Y) = a2 * Var(X). Standardized score = z = (x - μx) / σx. t statistic = t = (x - μx) / [ s/sqrt(n) ]
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Statistical theory defines a statistic as a function of a sample where the function itself is independent of the sample's distribution. In short, Statistics is associated with collecting, classifying, arranging and presenting numerical data.
The most common calculated statistical values are mean, median, and mode.
=
=
Where,
- L is the lower class boundary of the group containing the median
- n is the total number of values
- B is the cumulative frequency of the groups before the median group
- G is the frequency of the median group
- w is the group width
=
Where,
- L is the lower class boundary of the modal group
- fm-1 is the frequency of the group before the modal group
- fm is the frequency of the modal group
- fm+1 is the frequency of the group after the modal group
- w is the group width
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