Descriptive Statistics Homework Help
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Descriptive Statistics describes the basic features of the data. It is used to describe or summarize a given set of data. It simplifies large amount of data and presents it in a manageable form. It presents the data in more meaningful way which helps in simpler interpretation of data. It is divided into measure of central tendency and measure of variability or spread. Some uses of Descriptive Statistics in Statistical Analysis given by Descriptive Statistics Homework Help are
• Descriptive Statistics Homework Help can be used in learning tabulation of population and economic data.
• It helps brokers and investors by performing analytical analyses on their investments which helps them in making better future investing decisions.
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Types of Statistics Used to Describe Data
There are two types of statistics used to describe data given by Descriptive Statistics Homework Help are
• Measure of Central Tendency- Measure of central tendency determines the central position of a frequency distribution for a set of given data. It summarizes the entire set of measurement. In this case, frequency distribution is simply the distribution and pattern of grades scored by 50 students from the lowest to the highest. Central position can be determined by using a number of statistics, including the mean, median and mode.
• Measure of variability- It is also known as measure of spread. It helps in summarizing the set data by describing the spread of the score. For example the mean score of 50 students may be 80 out of 100.
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