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In-Depth Information
TABLE 6.5
Descriptive Statistics Summary for Data in Table 6.4 (%)
Mean
53.06
Standard error
1.01
Median
55
Mode
63
Standard deviation
10.11
Sample variance
102.24
Range
44
Minimum
22
Maximum
66
First quartile (IQ 1 )
46
Third quartile (IQ 3 )
62
Interquartile range
16
Count
100
Sum
5306
A typical Minitab descriptive statistics command will produce the following:
Descriptive Statistics: Usage (%)
Variable
N
N
Mean SE Mean StDev Minimum Q1
Median
Q3
0 53 . 06
1 . 01
10 . 11
22 . 00
46 . 00
55 . 00
62 . 00
Usage(%)
100
Variable Maximum
Usage(%)
66 . 00
being chosen). Hence, random numbers typically are generated from a uniform
distribution U [ a , b ]. 4
2. Samples are drawn independently with no sequence, correlation, or auto-
correlation between consecutive observations.
3. The sample size is large enough to be representative, usually n
30.
The two main methods used in inferential statistics are parameter estimation and
hypothesis testing.
6.4.1
Parameter Estimation
In estimation, a sample is used to estimate a parameter and to construct a confidence
interval around the estimated parameter. Point estimates are used to estimate the
parameter of interest. The mean (
µ y ) and standard deviation (
σ y ) are the most common
point estimates. As discussed, the population mean (
µ y ) and standard deviation (
σ y )
are estimated using sample average ( y ) and standard deviation ( s y ), respectively.
4 The continuous uniform distribution is a family of probability distributions such that for each member of
the family, all intervals of the same length on the distribution's support are equally probable. The support
is defined by the two parameters, a and b , which are its minimum and maximum values. The distribution
is often abbreviated U [ a , b ].
 
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