Week 4
Formula Sheet
Formulas:
Population Mean:
\[\mu=\frac{\Big(\sum_{i=1}^nx_i\Big)}{n}\]
Sample Mean:
\[\overline{x}=\frac{\Big(\sum_{i=1}^nx_i\Big)}{n}\]
Midrange:
\[\text{MR}=\frac{b+B}{2}\]
Weighted Mean:
\[\overline{X}=\frac{\Big(\sum_{i=1}^nw_i\cdot x_i\Big)}{\sum w}\]
Range:
\[R=B-b\]
Population Variance:
\[\sigma^2=\frac{\Big(\sum_{i=1}^n(x_i-\mu)^2\Big)}{n}\]
Population Standard Deviation:
\[\sigma=\sqrt{\sigma^2}=\sqrt{\frac{\sum_{i=1}^n(x_i-\mu)^2}{n}}\]
Sample Variance:
\[s^2=\frac{\Big(\sum_{i=1}^n(x_i-\overline{x})^2\Big)}{n-1}\]
Sample Standard Deviation:
\[s=\sqrt{s^2}=\sqrt{\frac{\sum_{i=1}^n(x_i-\overline{x})^2}{n-1}}\]
Coefficient of Variance (population):
\[\text{CVar}=\frac{\sigma}{\mu}\cdot 100\]
Coefficient of Variance (sample):
\[\text{CVar}=\frac{s}{\overline{x}}\cdot 100\]