Statistics Ch 3 - Measure Something
Autor: Chilolita • November 4, 2018 • Study Guide • 595 Words (3 Pages) • 451 Views
*Chapter 3:
Statistics - measure something.
Is a value, is a data
The process of measuring, is a method
Descriptive statistics: formula
Statistical inference: How good is going to be the forecasts or estimates with our limited data
Population: All the possible outcomes available. What is the parameter of the population
Sample: part of the population. Use the statistic
Ordinal scales: not organize or same difference values between the categories.
Interval scales: doesn't have a true zero. Because 0 degrees is a 0 but doesn’t mean that temperature doesn’t exist.
We are going to use the Ratio Scales.
Relative measure - Rate of Return
“Ex ante” before the fact”
With the ex post data we have to try to get the ex ante data.
Equal average formula in excel for Population arithmetic mean.
Difference between Population arithmetic mean and Sample arithmetic mean: is the same formula but in one use population (bigger) or sample (little)
Deviation or deviation from the mean: dispersion. Something relate with the risk.
Regular Mean: (1+2+3)/3. Add up all the observations.
Weighted arithmetic mean: Xw= (1/6)(1)+(1/2)(2)+(1/3)(3)=(2)(1/6).
Geometric mean: multiple all the observations and rain cuadrada. Noun of the Xi could be negative: Xi>=0
1+R=P1/P0 (Price relative)
1+R is a price relative
For historical data is better Geometric Mean
0 1 2
100 50 75
Mean= (50-100)/100=50% ; (75-50)/50=50% ; R=(-50%+50%)/2=0
GM= “raiz(1+R1)*(1+R2)” -1 ; ”raiz(0.5)*(1.5)” -1 = -13.39%
Page 14: Harmonic mean: 2/{(1/15)+(1/10)}=2/{(2+3)/30}=2/(5/30)=2*6=12
Range is a measure of risk.
Population: divided by N
Sample variance: divided by n-1
Degree of freedom: when Xbar is 10 we lose one degree of freedom.
Xbar=10 n=5
X1=3 Exi=5*10=50
X2=5
X3=15
X4=10
X5=50-(3+5+15+10)=17
Sample: s=“raiz cuadrada S al cuadrado”
Population: sigma=“raiz cuadrada SIGMA al cuadrado”
Example 14 page 124:
R SD
Australia 5.0 13.6 CV=13.6/5=2.72
Hong Kong 9.4 22.4 CV=22.4/9.4=2.38
Singapore 9.3 19.2 CV=19.2/9.3=2.065
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