How to Find Measures of Variability? (+FREE Worksheet!)

How to Find Measures of Variability? (+FREE Worksheet!)

A variance is a number that indicates how a series of data is distributed around the mean value. The sample variance of a set of \(n\) sample data is the number \(s^2\) defined by the formula \(s^2={\frac{∑(x- \bar x)^2}{n-1}}\).

The square root \(s\) of the sample variance is called the sample standard deviation of a set of \(n\) sample data \(s=\sqrt{\frac{∑(x- \bar x)^2}{n-1}}\). The standard deviation \((σ)\) is one of the scattering indices that shows how far the data is from the average value. If the standard deviation of a set of data is close to zero, it indicates that the data are close to the mean and have little scatter; While a large standard deviation indicates significant data scatter.

Find Measures of Variability Example 1:

Find the range and sample variance of the data set table:

Data 43 8 32 16 25 47 19 22 31

Solution: for the data set the maximum is \(47\) and the minimum is \(8\), so the range is \(R=47-8=39\). For sample variance use defining formula \(s^2={\frac{∑(x- \bar x)^2}{n-1}}\). We first compute for each observation \(x\) its deviation \(x- \bar x\) from the sample mean. Since the mean of the data is \(27\), we obtain the numbers displayed in the second line of the supplied table

Original price was: $109.99.Current price is: $54.99.
\(x\) 43 8 32 16 25 47 19 22 31
\(x- \bar x\) 19 -19 5 -11 -2 20 -8 -5 4

Thus \(∑(x- \bar x)^2=(19)^2+(-19)^2+(5)^2+(-11)^2+(-2)^2+(20)^2+(-8)^2+(-5)^2+(4)^2=1,377\)

So the variance is \(s^2={\frac{∑(x- \bar x)^2}{n-1}}=\frac{1377}{8}=172.125\)

Find Measures of Variability Example 2:

Find the range and sample variance of the data set table:

Data 26 19 18 29 32 24 30 25

Solution: for the data set the maximum is \(32\) and the minimum is \(18\), so the range is \(R=32-18=14\). For sample variance use defining formula \(s^2={\frac{∑(x- \bar x)^2}{n-1}}\). We first compute for each observation \(x\) its deviation \(x- \bar x\) from the sample mean. Since the mean of the data is \(25.4\), we obtain the numbers displayed in the second line of the supplied table

\(x\) 26 19 18 29 32 24 30 25
\(x- \bar x\) 0.6 -6.4 -7.4 3.6 6.6 -1.4 4.6 -0.4

Thus \(∑(x- \bar x)^2=(0.6)^2+(-6.4)^2+(-7.4)^2+(3.6)^2+(6.6)^2+(-1.4)^2+(4.6)^2+(-0.4)^2=175.88\)

So the variance is \(s^2={\frac{∑(x- \bar x)^2}{n-1}}=\frac{175.88}{7}=25.13\)

Exercises for Finding Measures of Variability

Find the sample variance and standard deviation of each data set table.

1)

Data 32 45 50 42 37 46 40

2)

Data 14 9 22 31 11 19 29 25

1) Sample variance: 36.24

standard deviation: 6.02

Original price was: $109.99.Current price is: $54.99.

2) Sample variance: 67.14

standard deviation: 8.19

Original price was: $114.99.Current price is: $54.99.

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