Mathematics/Statistics/Core Measurements: Difference between revisions
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Below are some of the most basic, and regularly used forms of measurements in statistics.
All of these measurements are used to gather information about a list of items.
Mean/Average
The "mean" and "average" are effectively two different words for the same thing.
Effectively, this attempts to get the most "middle" value given a set of items.
Standard (Unweighted) Mean
Unweighted Mean is what most people think of when someone says "mean" or "average.
Effectively, take all values in a list and add them together. Then divide this sum by the total count of original values.
Scientific Notation:
Given a list of n terms, [x_0, x_1, ..., x_{n-1}, x_{n}]:
Direct Notation:
Given a list of n terms, [x_0, x_1, ..., x_{n-1}, x_n]:
Example:
Given a list of [1, 4, 7, 5, 9, 9, 2, 10].
Step 1) Sum: 1 + 4 + 7 + 5 + 9 + 9 + 2 + 10 = 47
Step 2) Divide sum by count: = 5.875
Weighted Mean
Weighted Mean is similar to above, except that each value has a "weight" associated with it.
Scientific Notation:
Given a list of n terms, [x_0, x_1, ..., x_{n-1}, x_{n}], with associated weights [w_0, w_1, ..., w_{n-1}, w_{n}]:
Direct Notation:
Given a list of n terms, [x_0, x_1, ..., x_{n-1}, x_n], with associated weights [w_0, w_1, ..., w_{n-1}, w_{n}]:
Example:
Given a list of [1, 4, 7, 5, 9, 9, 2, 10], the first 4 values are twice as important as the last 4. Step 1) Sum: 2*1 + 2*4 + 2*7 + 2*5 + 1*9 + 1*9 + 1*2 + 1*10 = 64 Step 2) Divide sum by weights: = = 5.333
Median
Similarly to mean, the median attempts to get the most "middle" item given a set of items.
However, instead of doing so by literal value, it does this by count of items.
For odd numbered sets, the median is the exact middle number.
Given a list of [1, 2, 3, 5, 7], the median is 3.
For even numbered sets, the median is the middle two numbers.
Given a list of [1, 2, 3, 4, 5, 7], the medians are 3 and 4.
For some applications, you always want a single number as the median, including for even numbered sets.
In these instances, average the two median numbers together.
Given a list of [1, 2, 3, 4, 5, 7], the medians are 3 and 4. We can average this together to get a single value of 3.5
Mode
The mode is the value that occurs most frequently in a set of items.
Given a list of [1, 2, 2, 3, 3, 4, 4, 4], the mode is 4.
Range
Template:ToDo
Range is the difference between the lowest and highest values. Theoretically, it is yet another attempt to get the most "middle" value out of a set of items.
In other words, this attempts to measure how much values tend to spread apart in a given set.
Given a list of [2, 4, 5, 7, 8], the lowest and highest values are 2 and 8. Thus, the range is 8 - 2 = 6
Note that this can be less than useful when the data set has outliers. This is because it only uses extreme endpoints.
Template:ToDo
If we introduce a new value of 100 to our above list, we get [2, 4, 5, 7, 8, 100]. The lowest and highest values are now 2 and 100. Thus, the range is now 100 - 2 = 98. This isn't very descriptive of our data anymore.
Variance
This is an alternative to the Range, which also attempts to measure how much values tend to spread apart in a given set.
Unlike Range, this approach handles outliers much better, so the result is generally more representative of your data.
This is one of the more regularly used values in statistics, and fairly important to understand.
For a full, detailed explanation, see [this youtube video].
Scientific Notation:
Direct Notation:
Given a list of n terms, [x_0, x_1, ..., x_{n-1}, x_n] with a mean of :
Example:
Using our above #Mean/Average example, we have a list of [1, 4, 7, 5, 9, 9, 2, 10] with a mean of 5.875. Step 1) Sum with mean: Step 2) Sum result: 80.875 Step 3) Divide sum by count: = 10.109375
Standard Deviation
The Standard Deviation is the same as the Variance, but taken a step further.
Note the the variance is meant to determine "how far values in a set stray from our mean". But in doing so, we square our values in order to counteract inevitable negative values.
Standard Deviation is meant to correct this, by taking our final value and square rooting it.
The end result is a value that indicates, generally speaking, how far each item in our list is from the mean.
Scientific Notation:
Direct Notation:
Given a list of n terms, [x_0, x_1, ..., x_{n-1}, x_n] with a mean of :
Example:
Using our above #Mean/Average example, we have a list of [1, 4, 7, 5, 9, 9, 2, 10] with a variation of 10.109375. At this point, all that's missing is the square root. = 3.179524335