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Statistical Notes v2

The report presents a statistical analysis of two items over the years 2010-2016, detailing key metrics such as quartiles, range, interquartile range, variance, standard deviation, and coefficient of variation. Item 1 shows higher values across all metrics compared to Item 2, indicating greater variability and spread in its data. The calculations for both items are thoroughly derived and documented, providing a clear understanding of the statistical measures used.

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awateshreyash
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3 views1 page

Statistical Notes v2

The report presents a statistical analysis of two items over the years 2010-2016, detailing key metrics such as quartiles, range, interquartile range, variance, standard deviation, and coefficient of variation. Item 1 shows higher values across all metrics compared to Item 2, indicating greater variability and spread in its data. The calculations for both items are thoroughly derived and documented, providing a clear understanding of the statistical measures used.

Uploaded by

awateshreyash
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

STATISTICAL ANALYSIS REPORT & NOTES

Comprehensive Metrics for Item 1 and Item 2 (Years 2010–2016)

1. Final Statistical Summary Matrix

Metric Item 1 Values Item 2 Values

Quartile 1 (Q1) 18.00 6.00

Quartile 2 (Q2 / Median) 23.00 8.00

Quartile 3 (Q3) 28.00 11.00

Range 17.00 8.00

Interquartile Range (IQR) 10.00 5.00

Sample Variance (s²) 35.95 7.81

Standard Deviation (s) 6.00 2.79

Coefficient of Variation (CV) 26.56% 34.32%

2. Step-by-Step Mathematical Derivations


Item 1 Calculations:

Item 1 Dataset (Ordered): 13, 18, 20, 23, 26, 28, 30 (Total items, n = 7)
• Quartiles: Positions are computed using Pk = k(n+1)/4. Q1 is the 2nd value (18), Q2 is the 4th value
(23), and Q3 is the 6th value (28).
• Range & IQR: Range = Max - Min = 30 - 13 = 17. IQR = Q3 - Q1 = 28 - 18 = 10.
• Variance & SD: Mean is 22.57. Sum of squared differences from mean divided by (n-1) gives a Sample
Variance of 35.95. Squaring root yields Standard Deviation = 6.00.
• Coefficient of Variation: (SD / Mean) × 100% = (6.00 / 22.57) × 100% = 26.56%.

Item 2 Calculations:

Item 2 Dataset (Ordered): 4, 6, 7, 8, 9, 11, 12 (Total items, n = 7)


• Quartiles: Q1 is the 2nd value (6), Q2 is the 4th value (8), and Q3 is the 6th value (11).
• Range & IQR: Range = Max - Min = 12 - 4 = 8. IQR = Q3 - Q1 = 11 - 6 = 5.
• Variance & SD: Mean is 8.14. Using the sample formula with (n-1) degrees of freedom yields a Variance
of 7.81. Taking the square root yields Standard Deviation = 2.79.
• Coefficient of Variation: (SD / Mean) × 100% = (2.79 / 8.14) × 100% = 34.32%.

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