son j AUSINESS STATISTICS
(e) Qanrtledevition (>
(a) Average det rm tbe min
(6) Stndaré Sevan
Content of varaton
be nara ri neniaontoProblem
SE. Refer to he il fit be neces 10 complete step (8) below
Hy seca iy set an ly templet ean 18
{0 Compare th nde gti and te gate devin ote
a hce mex show abou the persion i the
e) Compute the avenge ddan fom the mein fre datbson (the
Sopa te rat on pg AD bast ben raed, wil fit Be ees
{ap fo compute median)
(Compute he dada eit (and he otic of variation (7 th
‘SSrbuone What she tbe aferance betwen the standard
Seana te exec ovarian for then baton?
(e) Retain his solaion for at in roles 4 5-12, ond 108.
185, Refer to Problem 7-, page 181, and make the computations shown
teow.
(a) Compute the measare of kewnes from formu (2) fo each ofthe stb
‘Sone wed ia Problem 82 bore.
() Corapte fo each ofthe evo dtebuions. On th basi of the measures
SERBS Srputdin andthe val of By deeb the ders of skewnesin
{he two datbuone, Explain which you thnks the eter ease of shew
(© come ft fe etn st ea he iif
186, Refer to Problem 43, page 95, and make the computations shown
puttions sh
(a) Compute te measur of skews fom formula 2) forthe dsribusion of aps
(©) Compute §, forthe Astribtion of aps.” I orth measure com
SR eae ped in
Compute forthe datibtion fap. ‘
(© Compu yer aps. Explain what his measure shows abut
me
«sons would assume that these two events are equally kel
=9=> .
PROBABILITY, THE BINOMIAL DISTRIBUTION,
AND THE NORMAL DISTRIBUTION
SE
“rhe escussion in the preceding chapters bas been in term of tat
dn Gof quantita data —wages les traveled, AB i
sites of vasables that could be exprested quantitate, Th
and te toda to teoreialdstbtons the Bini dvs
chaps The nrmaldtbuion. These itibuions hav wide ppc
‘ion ts Kinds of statistical analysis. The binomial theorem wa
in vans by Sit Isaac Newion about 300 year ago, and is theo
Gioree frequency distribution of great importance. The normal distite
discr Jisovered over 200 years ago, and in the early part of th ae
tin ws tary it was considered tobe the “law” to which distbunsd
teeny chong of atural phenomena were believed to conform, Butt
cea sty of natural phenomena modified this bei at ouber pod
Gucibotion were discovered. However, many students stil have ee
pith clases that are “graded on the curve” —an express gal
ering tothe assumption that grades follow the normal distin,
PROBABILITY
Before the tivo theoretical distributions are dscused a bri ev
probability, normally covered in elementary algebra courses, wil
i
ted. Probability isthe likelihood of the occurence of say peel
form of an event. For example, if acon is tossed int the at, ont
tveats will oor — the coin wl turn up ether beads oral, Mot
which
that we may state the probability ofa head turing up a:
pK
and the possibility of a tail turning up as:
1-p=%
on if |