Statistics and Data Collection Basics
Statistics and Data Collection Basics
COLLECTION
Statistics:
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Main Functions of Statistics:
Collection of Data
Presentation of Data
Analysis of Data
Interpretation of results
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Types of Statistical Data:
o Primary Data: Primary data are those which are collected from the units or
individuals directly and these data have never been used for
any purpose earlier.
o Secondary Data: The data, which had been collected by some individual or
agency and statistically treated to draw certain conclusions
and now the same data are used and analyzed to extract some
other information.
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Population
Sample
Parameter
Statistic
Sampling
Random Sampling
Non-Random Sampling
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Data Analysis:
Measures of Skewness
Measures of Kurtosis
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Measures of Central tendency or average
Arithmetic Mean
Median
Mode
Geometric Mean
Harmonic Mean
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Arithmetic Mean (A.M.)
A.M. : Arithmetic mean of set of observations is their sum
divided by the number of observations.
𝑛
𝑥1 + 𝑥2 + ………+ 𝑥𝑛 𝑖=1 𝑥𝑖
Simple A.M. : 𝑋 = =
𝑛 𝑛
n - Number of observations.
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A.M. For Discrete Series:
𝑛
𝑖=1 𝑓𝑖 𝑥𝑖
Direct Method: 𝑋=
𝑛
f - Frequency of the given set of observations
n = 𝑛𝑖=1 𝑓𝑖 = Total number of observations
Marks 20 30 40 50 60 70
No. of
8 12 20 10 6 4
Students
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Marks No. of Students fx
20 8 160
30 12 360
40 20 800
50 10 500
60 6 360
70 4 280
N = 60 𝑓𝑥 = 2460
𝑓𝑖 𝑥𝑖 2460
𝑋= = = 𝟒𝟏
𝑛 60
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A.M. For Continuous Series:
𝑛
𝑖=1 𝑓𝑖 𝑥𝑖
Direct Method: 𝑋=
𝑛
f - Frequency of the given set of observations
x - mid-point each class
n = 𝑛𝑖=1 𝑓𝑖 = Total number of observations
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Marks No. of Mid-point fx
Students
0-10 12 5 60
10-20 18 15 270
20-30 27 25 675
30-40 20 35 700
40-50 17 45 765
50-60 6 55 330
𝑓𝑖 𝑥𝑖 2800
𝑋= = = 28
𝑛 100
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Using the Deviation:
If the values of x or f are large, the calculation of A.M. by above formula is
quite time-consuming and tedious.
The A.M. is reduced to a great extent by taking the deviations
of the given values from any arbitrary point ‘A’ :
Let 𝑑𝑖 = 𝑥𝑖 − 𝐴 ⇒ 𝑓𝑖 𝑑𝑖 = 𝑓𝑖 𝑥𝑖 − 𝐴
1 𝑛 ℎ 𝑛
𝑋=𝐴 + 𝑖=1 𝑓𝑖 𝑑𝑖 or 𝑋=𝐴 + 𝑖=1 𝑓𝑖 𝑑𝑖
𝑛 𝑛
ℎ − 𝑐𝑜𝑚𝑚𝑜𝑛 𝑚𝑎𝑎𝑔𝑖𝑛𝑡𝑢𝑑𝑒 𝑜𝑓
𝑐𝑙𝑎𝑠𝑠 𝑖𝑛𝑡𝑒𝑟𝑣𝑎𝑙
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Ex: C.I. 0-8 8-16 16-24 24-32 32-40 40-48
Frequency 8 7 16 24 15 7
𝒙−𝑨
C.I. Mid-Value Frequency 𝒅= fd
𝒉
0-8 4 8 -3 -24
8-16 12 7 -2 -14
16-24 20 16 -1 -16
24-32 28 24 0 0
32-40 36 15 1 15
40-48 44 7 2 14
Total 77 -25
𝑛
ℎ 8 x (−25)
𝑋=𝐴+ 𝑓𝑖 𝑑𝑖 = 28 + = 25.404
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𝑖=1
Median:
Median of a distribution is the value of the variable which divides it
into two equal parts.
It is the value which exceeds and is exceeded by the same number of
observations. Thus the median is called as a “positional average”.
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For Grouped data:
Ex: x 1 2 3 4 5 6 7 8 9
f 8 10 11 16 20 25 15 9 6
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x f c.f.
1 8 8 𝑁+1
= 60.5
2 10 18 2
3 11 29
4 16 45 The cumulative frequency (c.f.) just
5 20 65 𝑁+1
greater than is 65 and value
2
6 25 90
corresponding to 65 is 5.
7 15 10
8 9 114 ∴ 𝑴𝒆𝒅𝒊𝒂𝒏 𝒊𝒔 𝟓.
9 6 120
N = 120
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(ii) Continuous Frequency Distribution:
In case of continuous frequency distribution, the class corresponding to the
𝑵
c.f. just greater than is called the median class and the value of median is
𝟐
obtained by the following formula:
ℎ 𝑁
Median = 𝑙 + ( − 𝑐)
𝑓 2
Wages
2000-3000 3000-4000 4000-5000 5000-6000 6000-7000
(in Rs.)
No. of
3 5 20 10 5
workers
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Calculation:
𝑁 43
= = 21.5
2 2
Wages No. of c.f.
(in Rs.) Employees
Cumulative frequency just greater
2000-3000 3 3 than 21.5 is 28 and the
3000-4000 5 8
corresponding class is 4000-5000.
Thus the median class is 4000-5000.
4000-5000 20 28
5000-6000 10 38 l = 4000; h = 1000; f = 20; c = 8
6000-7000 5 43
N= 43
1000
Median = 4000 + (21.5 − 8)
20
∴ Median = 4675.
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Quartiles
𝑁+1
First Quartile (Q1) = Size of 𝑡ℎ item ( Discrete series)
4
𝑁
Q1 = Size of 𝑡ℎ item (Continuous series)
4
𝑁
− 𝑐.𝑓.
4
Q1 = 𝐿 + ×𝑖
𝑓
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𝑁+1
Third Quartile (Q3) = Size of 3 𝑡ℎ item (Discrete series)
4
3𝑁
Q3 = Size of 𝑡ℎ item. (Continuous series)
4
3𝑁
4
− 𝑐.𝑓.
Q3 = 𝐿 + ×𝑖
𝑓
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Example 3: Calculate the value of Q.D. and its coefficient of Q.D.
from the following data.
Roll No. 1 2 3 4 5 6 7
Marks 20 28 40 12 30 15 50
𝑁+1 7+1
Q1 = Size of 𝑡ℎ item = Size of = 2nd item.
4 4
Size of 2nd item is 15. Hence Q1 = 15
𝑁+1 7+1
Q3 = Size of 3 𝑡ℎ item = Size of 3 = 6th item.
4 4
Size of 6th item is 40. Hence Q3 = 40.
.
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Example 4: Compute the value of Q.D. and its coefficient from
the following data
f 12 19 5 10 9 6 6
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Solution:
Marks Frequency cumulative
frequency
10-20 12 12
20-30 19 31
30-40 5 36
40-50 10 46
50-60 9 55
60-70 6 61
70-80 6 67
N= 67
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𝑁 67
Q1 = Size of 𝑡ℎ item = Size of = 16.75th item.
4 4
Q1 - lies in the interval 20-30
𝑁
4
− 𝑐.𝑓.
Q1 = 𝐿 + ×𝑖 L = 20, 𝑁/4 = 16.75, c.f. = 12
𝑓
f = 19, i = 10
67
−12
4
Q1 = 20 + × 10 = 20+2.5 = 22.5
19
Hence Q1 = 22.5
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3𝑁 3×67
Q3 = Size of 𝑡ℎ item = Size of = 50.25th item.
4 4
Q3 - lies in the class 50-60.
3𝑁
4
− 𝑐.𝑓.
Q3 = 𝐿 + ×𝑖 L = 50, 3𝑁/4 = 50.25, c.f. = 46
𝑓
f = 9, i = 10
50.25−46
Q3 = 50 + × 10 = 50+4.72 = 54.72
9
Hence Q3 = 54.72
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𝑁+1
Deciles: 𝑫𝟒 = Size of 4 item in individual and discrete series.
10
4𝑁
𝑫𝟒 = Size of th item in continuous series.
10
𝑁+1
Percentiles: 𝑷𝟔𝟎 = Size of 60 th item in discrete series.
100
60𝑁
𝑷𝟔𝟎 = Size of th item in continuous series.
100
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4𝑁 4×67
𝑫𝟒 = Size of th item = = 26.8 th item.
10 10
𝑫𝟒 lies in the interval of 20-30.
4𝑁
− 𝑐.𝑓.
10
𝑫𝟒 = 𝐿 + ×𝑖 L = 20, 4𝑁/10 = 26.8, c.f. = 12
𝑓
f = 19, i = 10
𝑫𝟒 = 27.79
60𝑁 60×67
𝑷𝟔𝟎 = Size of th item = = 40.2 th item
100 100
𝑷𝟔𝟎 lies in the interval of 40-50.
60𝑁
100
− 𝑐.𝑓.
𝑷𝟔𝟎 = 𝐿 + ×𝑖 L = 40, 4𝑁/10 = 40.2, c.f. = 36
𝑓
f = 10, i = 10
𝑫𝟒 = 44.2
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MODE
Definition: Mode is the value of the variable which is predominant
in the series.
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But in any one of the following cases:
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x 1 2 3 4 5 6 7 8 9 10 11 12
f 3 8 15 23 35 40 32 28 20 45 14 6
Frequency
(vi)
(iii) (iv) (v)
x (ii) Leave the
Leave the Add first Leave the
(i) Add first 1st two
1st freq. & three freq. 1st freq. &
two freq. & add
add two add three
three
1 3 11
2 8 26
3 15 38 23 46
4 23
5 58 98 73
35
6 75 107
7 40 72
8 32 60 80 100
9 28 48
10 20 65 93
11 𝟒𝟓 59 79
14
12 20 65
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Column Number Maximum Frequency Value or combination
of values of x
(i) 45 10
(ii) 75 5, 6
(iii) 72 6, 7
(iv) 98 4, 5, 6
(v) 107 5, 6, 7
(vi) 100 6, 7, 8
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For Continuous Frequency distribution:
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C.I. 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80
Frequency 5 8 7 12 28 20 10 10
10(28−12)
Mode = 40 + = 46.67
2x28−12−20
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A distribution is having only one mode is called Unimodal.
If it contains more than one mode, it is called bimodal or multimodal.
Then the value of the mode cannot be determined the above formula and
hence mode is ill-defined.
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1) Calculate the mean, median and mode of the following data.
Wages
15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64
(in lakhs.)
No. of
31 47 59 78 104 113 81 60 52 25
workers
Mean = 39.52
Median = 39.77
Mode = 40.6
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2) Variable 10-13 13-16 16-19 19-22 22-25 25-28 28-31 31-34 34-37 37-40
Frequency 8 15 27 51 75 54 36 18 9 7
Calculate the Mean, Median and Mode for the following data.
Mean = 24.19
Median = 23.96
Mode = 23.6
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Series A Series B Series C
200 200 1
200 205 989
200 202 2
200 203 3
200 190 5
Mean = 200 200 200
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Measure of Dispersion
Scatteredness (homogeneity or heterogeneity)
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Absolute Measure of Dispersion:
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Range
Definition: Difference between the value of the smallest item and the
value of the largest item in the distribution.
Range = 𝑳 − 𝑺
L – Largest Value, S- Smallest Value
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Example 1: The following are the prices of shares of a company from
Monday to Saturday:
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In a frequency distribution, range is calculated by taking the difference
between the lower limit of the lowest class and the upper limit of the
highest class.
Example 2:
𝐿−𝑆 60−10 50
Coefficient of Range = = = = 0.714
𝐿+𝑆 60+10 70
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Quartile Deviation
Definition: Average amount by which the two quartiles differ from the median.
𝑸𝟑 −𝑸𝟏
Quartile Deviation (Q.D.) =
𝟐
• When Q.D. is very small, it describes high uniformity or small variation of the
central 50% items, and a high Q.D. means that the variation among the central
items is large.
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Relative measure of Q.D.
𝑸𝟑 −𝑸𝟏
Coefficient of Q.D. =
𝑸𝟑 +𝑸𝟏
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Example 3: Calculate the value of Q.D. and its coefficient of Q.D.
from the following data.
Roll No. 1 2 3 4 5 6 7
Marks 20 28 40 12 30 15 50
𝑁+1 7+1
Q1 = Size of 𝑡ℎ item = Size of = 2nd item.
4 4
Size of 2nd item is 15. Hence Q1 = 15
𝑁+1 7+1
Q3 = Size of 3 𝑡ℎ item = Size of 3 = 6th item.
4 4
Size of 6th item is 40. Hence Q3 = 40.
.
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𝑄3−𝑄1 40−15
∴ 𝑸. 𝑫. =
2 = 2 = 12.5
𝑄3 −𝑄1 40−15
Coefficient of Q.D. = = = 𝟎. 𝟒𝟓𝟓
𝑄3 +𝑄1 40+15
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Example 4: Compute the value of Q.D. and its coefficient from
the following data.
Marks 10 20 30 40 50 60
No. of
4 7 15 8 7 2
Students
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Solution: Marks Frequency cumulative
frequency
10 4 4
20 7 11
30 15 26
40 8 34
50 7 41
60 2 43
𝑁+1 43+1
Q1 = Size of 𝑡ℎ item = Size of = 11th item.
4 4
Size of 11th item is 20. Hence Q1 = 20
𝑁+1 43+1
Q3 = Size of 3 𝑡ℎ item = Size of 3 = 33rd item.
4 4
Size of 33rd item is 40. Hence Q3 = 40.
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𝑄3−𝑄1 40−20
𝑸. 𝑫. =
2 = 2 = 10
𝑄3 −𝑄1 40−20
Coefficient of Q.D. = = = 0.333
𝑄3 +𝑄1 40+20
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Example 4: Compute the value of Q.D. and its coefficient from
the following data
f 12 19 5 10 9 6 6
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Solution:
Marks Frequency cumulative
frequency
10-20 12 12
20-30 19 31
30-40 5 36
40-50 10 46
50-60 9 55
60-70 6 61
70-80 6 67
N= 67
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𝑁 67
Q1 = Size of 𝑡ℎ item = Size of = 16.75th item.
4 4
Q1 lies in the interval 20-30
𝑁
4
− 𝑐.𝑓.
Q1 = 𝐿 + ×𝑖 L = 20, 𝑁/4 = 16.75, c.f. = 12
𝑓
f = 19, i = 10
67
−12
4
Q1 = 20 + × 10 = 20+2.5 = 22.5
19
Hence Q1 = 22.5
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3𝑁 3×67
Q3 = Size of 𝑡ℎ item = Size of = 50.25th item.
4 4
Q3 lies in the class 50-60.
3𝑁
4
− 𝑐.𝑓.
Q3 = 𝐿 + ×𝑖 L = 50, 3𝑁/4 = 50.25, c.f. = 46
𝑓
f = 9, i = 10
50.25−46
Q3 = 50 + × 10 = 50+4.72 = 54.72
9
Hence Q3 = 54.72
𝑄3 −𝑄1 54.72−22.5
𝑸. 𝑫. = = = 16.11
2 2
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Mean Deviation
Definition: M.D. is the average difference between the items in a distribution and the
median or mean of that series.
𝐷
Mean Deviation or M.D. =
𝑁
Where 𝐷 is the deviations from median ignoring signs.
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Relative Measure of M.D. :
𝑀.𝐷.
Co-efficient of M.D. =
𝑀𝑒𝑑𝑖𝑎𝑛
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Example 5: Calculate the mean deviation of the two income
groups.
I (Rs.) II (Rs.)
4000 3000
4200 4000
4400 4200
4600 4400
4800 4600
4800
5800
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Solution: Group I Group II
Rs. 𝑫 Rs. 𝑫
4000 400 3000 1400
4200 200 4000 400
4400 0 4200 200
4600 200 4400 0
4800 400 4600 200
4800 400
5800 1400
N=5 𝑫 = 1200 N=7 𝑫 =4000
𝐷
Mean deviation : I group M.D. =
𝑁
𝑁+1 5+1
Median = 𝑡ℎ item = = 3rd item. Size of the 3rd item = 4400.
2 2
1200
M.D. = = 240
5
i.e., the average deviation of the individual incomes from the median income
is Rs. 240.
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𝐷
Mean deviation : II group M.D. =
𝑁
𝑁+1 7+1
Median = 𝑡ℎ item = = 4th item.
2 2
Size of the 4th item = 4400.
4000
M.D. = = 571.43
5
i.e., the average deviation of the individual incomes from the
median income is Rs. 571.43.
𝑀.𝐷. 240
Co-efficient of M.D. (I - Group) = = = 0.055
𝑀𝑒𝑑𝑖𝑎𝑛 4400
571.43
(II- Group) = = 0.13
4400
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Mean deviation – Discrete Series
𝑓𝐷
M.D. =
𝑁
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Example 6: The number of telephone calls received at an exchange in 245
successive one-minute intervals are shown in the following
frequency distribution. Compute the mean deviation about
the median.
Number of 0 1 2 3 4 5 6 7
Calls
Frequency 14 21 25 43 51 40 39 12
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Solution: No. of Calls f c.f. 𝑫 f𝑫
0 14 14 4 56
1 21 35 3 63
2 25 60 2 50
3 43 103 1 43
4 51 154 0 0
5 40 194 1 40
6 39 233 2 78
7 12 245 3 36
N = 245 𝒇 𝑫 = 366
𝑁+1 245+1
Median = Size of th item = = 123rd item . Hence the
2 2
median value is 4.
𝑓𝐷 366
M.D. = = = 1.49
𝑁 245
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In Continuous Series:
We have to obtain the mid-points of the various classes and take
the deviations of these mid-points from median.
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Calculate the coefficient of mean deviation from the following data:
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Standard deviation
For the frequency distribution 𝑥𝑖 | 𝑓𝑖 ; i =1, 2, …, n ,
1
Variance = 𝜎 2 = 𝑖 𝑓𝑖 (𝑥𝑖 − 𝑥) 2
𝑁
1 1 2 1 1 2
= 𝑓𝑖 𝑥𝑖2 − ( 𝑓𝑖 𝑥𝑖 ) or 𝑓𝑖 𝑑𝑖2 − ( 𝑓𝑖 𝑑𝑖 )
𝑁 𝑁 𝑁 𝑁
(𝑥𝑖 −𝑥)2
Or 𝜎2 = (Discrete frequency distribution)
𝑁
1 1 1 2
𝜎= 𝑓𝑖 (𝑥𝑖 − 𝑥)2 or 𝑓𝑖 𝑑𝑖2 − ( 𝑓𝑖 𝑑𝑖 )
𝑁 𝑁 𝑁
𝜎
Coefficient of Variation : C.V. = x 100 (Relative Measure)
𝑥
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3) The score of two players A and B in ten innings during a certain
season are:
A 32 28 47 63 71 39 10 60 96 14
B 19 31 48 53 67 90 10 62 40 80
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2
𝑋 = 460 ; 𝑋𝑖 − 𝑥 = 0 ; 𝑋𝑖 − 𝑥 = 6500
2
𝑌 = 500 ; 𝑌𝑖 − 𝑦 = 0 ; 𝑌𝑗 − 𝑦 = 5968
𝜎𝐴 = 25.5 𝜎𝐵 = 24.43
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4) Suppose that samples of polythene bags from two manufacturers,
A and B, are tested by a prospective buyer for bursting pressure, with
the following results:
Bursting Number of Bags
Pressure (lb.) A B
5.0 – 9.9 2 9
10.0 – 14.9 9 11
15.0 – 19.9 29 18
20.0 – 24.9 54 32
25.0 – 29.9 11 27
30.0 – 34.9 5 13
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C.I. f C.I. f
0-5 10 0-5 10
5-10 30 5-10 40
10-15 60 10-15 30
15-20 60 15-20 90
20-25 30 20-25 20
25-30 10 25-30 10
𝑋 = 15
𝜎=6
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90
60 60
𝒙 = 15
𝝈 = 𝟔
30 30
40
30
20
10 10
10 10
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Skewness
When a series is not symmetrical it is said to be asymmetrical or skewed.
A distribution is said to be ‘skewed’ when the mean and median
fall at different points in the distribution, and the balance(or centre of
gravity) is shifted to one side or the other to left or right.
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Dispersion is concerned with the amount of variation rather than with its
direction.
Skewness tell us about the direction of the variation or the departure from
symmetry.
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Measure of Skewness
Absolute measures of Skewness(Sk)
Sk = 𝑋 - Mode
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(i) Karl pearson’s coefficient of skewness.
𝑀𝑒𝑎𝑛−𝑀𝑜𝑑𝑒 𝑋−𝑀𝑜
Coefficient of Skewness : Sk = =
𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑑𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛 𝜎
3(𝑋− 𝑀𝑒𝑑𝑖𝑎𝑛)
Sk =
𝜎
however, in practice, it is rare that the value of Sk exceed the limits of ±𝟏.
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Moments
Moment is a measure of a force with respect to its tendency to
provide rotation.
The strength of the tendency depends on the amount of force and the
distance from the origin of the point at which the force is exerted.
Definition: Let the symbol xi = (𝑿𝒊 − 𝑿) be used to represent the deviation of any
item in a distribution from the arithmetic average of that
distribution.
The arithmetic mean of the various powers of these deviations in any
distribution are called the moments of the distribution.
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Moments about the mean (Central Moments):
(𝑋𝑖 −𝑋)
First Moment 𝜇1 = : (sum of deviations from
𝑁
A.M. is always zero.
𝝁𝟏 = 𝟎)
2
(𝑋𝑖 −𝑋)
Second Moment 𝜇2 = : 𝜎 2 = Variance
𝑁
3
(𝑋𝑖 −𝑋)
Third Moment 𝜇3 =
𝑁
4
(𝑋𝑖 −𝑋)
Fourth Moment 𝜇4 =
𝑁
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For a frequency distribution:
𝑓𝑖 (𝑋𝑖 −𝑋)
First Moment 𝜇1 =
𝑁
2
𝑓𝑖 (𝑋𝑖 −𝑋)
Second Moment 𝜇2 = : 𝜎 2 = Variance
𝑁
3 3
𝑓𝑖 (𝑋𝑖 −𝑋) 𝑓𝑖 𝑥𝑖
Third Moment 𝜇3 = or
𝑁 𝑁
4 4
𝑓𝑖 (𝑋𝑖 −𝑋) 𝑓𝑖 𝑥𝑖
Fourth Moment 𝜇4 = or
𝑁 𝑁
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𝜇32
𝛽1 (beta one) = (Coeff. of Skewness)
𝜇23
𝜇4
𝛽2 (beta two) = (Coeff. of Kurtosis)
𝜇22
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Non-central Moments
Where the actual mean is in fractions it is difficult to calculate moments by
applying the above formulae.
In such cases we can first compute moments about an arbitrary origin (A).
2
𝜇2 = 𝜇2′ − (𝜇1′ )
′ 3
𝜇3 = 𝜇3′ − 3𝜇1′ 𝜇2′ + 2(𝜇1 )
′ 2 ′ 4
𝜇4 = 𝜇4′ − 4𝜇1′ 𝜇3′ + ′
6𝜇2 (𝜇1 ) − 3(𝜇1 )
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Marks Frequency
0-10 5
10-20 20
20-30 15
30-40 45
40-50 10
50-60 5
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Mid point
Marks f 𝒅 = (𝒎 − 𝟑𝟓)/𝟏𝟎 fd 𝒇𝒅𝟐 𝒇𝒅𝟑
(m)
0-10 5 5 -3 -15 45 -135
10-20 15 20 -2 -40 80 -160
20-30 25 15 -1 -15 15 -15
30-40 35 45 0 0 0 0
40-50 45 10 +1 +10 10 +10
50-60 55 5 +2 +10 20 +40
N =100 𝒇𝒅 = -50 𝒇𝒅𝟐 = 170 𝒇𝒅𝟑 = -260
𝑓𝑖 𝑑𝑖
𝜇1′ = × 𝑖 = -5
𝑁
𝑓𝑖 𝑑𝑖2
𝜇2′ = × 𝑖 2 = 170
𝑁
𝑓𝑖 𝑑𝑖3
𝜇3′ = × 𝑖 3 = 2600
𝑁
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′ 2
𝜇2 = 𝜇1′ − (𝜇1 ) = 145
3
𝜇3 = 𝜇3′ − 3𝜇1′ 𝜇2′ + 2(𝜇1′ ) = -300
𝜇32
𝛽1 = = 0.02952
𝜇23
𝛾1 = 𝛽1 = - 0.172
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Kurtosis
Kurtosis enables us to have an idea about the ‘flatness’ or ‘peakedness’
of the frequency curve.
𝜇4
It is measured by the Coefficient of 𝛽2 = or 𝛾2 = 𝛽2 −3
𝜇22
(i) 𝛽2 = 3, i.e., 𝛾2 = 0 : mesokurtic curve
(ii) 𝛽2 < 3, i.e., 𝛾2 < 0 : platykurtic curve
(iii) 𝛽2 > 3, i.e., 𝛾2 > 0 : leptokurtic curve
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