In this lesson we learn the concept of variability and how to compute three measures of the variability of a data set.
Let’s start with two data sets:
Data set 1: 10,8,12,10,9,13,10,9,10
Data set 2: 16,7,10,3,12,6,10,17,4,15
The mean, median and mode of both data sets is the same: 10
The range is the difference between the largest and the smallest value in the data set.
For Data set 1 the range is 13-8=5 and for the second is 17-3=14
The range indicates the size of the smallest interval which contains all the data. Less variability means a smaller range.
Since the range is based solely on the two most extreme values within the data set, if one of these is either exceptionally high or low (outlier) it will result in a range that is not typical of the variability within that data set.
The sample variance for data set 1 is 2.1 and for the second data set is 22.4
The sample standard deviation is 1.5 for the first data set and 5 for the second data set