Decile
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Decile
In descriptive statistics, a decile is any of the nine values that divide the sorted data into ten equal parts, so that each part represents 1/10 of the sample or population. A decile is one possible form of a quantile; others include the quartile and percentile.. A decile rank arranges the data in order from lowest to highest and is done on a scale of one to ten where each successive number corresponds to an increase of 10 percentage points. Special Usage: The decile mean A moderately robust measure of central tendency - known as the decile mean - can be computed by making use of a sample's deciles D_ to D_ (D_ = 10th percentile, D_ = 20th percentile and so on). It is calculated as follows: : DM = \frac Apart from serving as an alternative for the mean and the truncated mean, it also forms the basis for robust measures of skewness and kurtosis, and even a normality test. See also * Summary statistics * Socio-economic decile In the New Zealand education system, decile is ...
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Socio-economic Decile
In the New Zealand education system, decile is a key measure of socioeconomic status used to target funding and support schools. In academic contexts the full term "socioeconomic decile" or "socioeconomic decile band" may be used. A school's decile indicates the extent to which the school draws its students from low socioeconomic communities. Decile 1 schools are the 10% of schools with the highest proportion of students from low socio-economic communities. This system was implemented in 1995. Its exact nature has changed since then. Details A school's socioeconomic decile is recalculated by the Ministry of Education every five years, using data collected after each Census of Population and Dwellings. They are calculated between censuses for new schools and merged schools, and other schools may move up or down one decile with school openings, mergers and closures to ensure each decile contains 10 percent of all schools. Current deciles were calculated in 2014 following the 201 ...
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Quantile
In statistics and probability, quantiles are cut points dividing the range of a probability distribution into continuous intervals with equal probabilities, or dividing the observations in a sample in the same way. There is one fewer quantile than the number of groups created. Common quantiles have special names, such as ''quartiles'' (four groups), ''deciles'' (ten groups), and ''percentiles'' (100 groups). The groups created are termed halves, thirds, quarters, etc., though sometimes the terms for the quantile are used for the groups created, rather than for the cut points. -quantiles are values that partition a finite set of values into subsets of (nearly) equal sizes. There are partitions of the -quantiles, one for each integer satisfying . In some cases the value of a quantile may not be uniquely determined, as can be the case for the median (2-quantile) of a uniform probability distribution on a set of even size. Quantiles can also be applied to continuous distributi ...
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Descriptive Statistics
A descriptive statistic (in the count noun sense) is a summary statistic that quantitatively describes or summarizes features from a collection of information, while descriptive statistics (in the mass noun sense) is the process of using and analysing those statistics. Descriptive statistic is distinguished from inferential statistics (or inductive statistics) by its aim to summarize a sample, rather than use the data to learn about the population that the sample of data is thought to represent. This generally means that descriptive statistics, unlike inferential statistics, is not developed on the basis of probability theory, and are frequently nonparametric statistics. Even when a data analysis draws its main conclusions using inferential statistics, descriptive statistics are generally also presented. For example, in papers reporting on human subjects, typically a table is included giving the overall sample size, sample sizes in important subgroups (e.g., for each treatment or ...
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Quartile
In statistics, a quartile is a type of quantile which divides the number of data points into four parts, or ''quarters'', of more-or-less equal size. The data must be ordered from smallest to largest to compute quartiles; as such, quartiles are a form of order statistic. The three main quartiles are as follows: * The first quartile (''Q''1) is defined as the middle number between the smallest number (minimum) and the median of the data set. It is also known as the ''lower'' or ''25th empirical'' quartile, as 25% of the data is below this point. * The second quartile (''Q''2) is the median of a data set; thus 50% of the data lies below this point. * The third quartile (''Q''3) is the middle value between the median and the highest value (maximum) of the data set. It is known as the ''upper'' or ''75th empirical'' quartile, as 75% of the data lies below this point. Along with the minimum and maximum of the data (which are also quartiles), the three quartiles described above provid ...
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Percentile
In statistics, a ''k''-th percentile (percentile score or centile) is a score ''below which'' a given percentage ''k'' of scores in its frequency distribution falls (exclusive definition) or a score ''at or below which'' a given percentage falls (inclusive definition). For example, the 50th percentile (the median) is the score below which 50% of the scores in the distribution are found (by the "exclusive" definition), or at or below which 50% of the scores are found (by the "inclusive" definition). Percentiles are expressed in the same unit of measurement as the input scores; for example, if the scores refer to human weight, the corresponding percentiles will be expressed in kilograms or pounds. The percentile score and the '' percentile rank'' are related terms. The percentile rank of a score is the percentage of scores in its distribution that are less than it, an exclusive definition, and one that can be expressed with a single, simple formula. Percentile scores and perce ...
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Central Tendency
In statistics, a central tendency (or measure of central tendency) is a central or typical value for a probability distribution.Weisberg H.F (1992) ''Central Tendency and Variability'', Sage University Paper Series on Quantitative Applications in the Social Sciences, p.2 Colloquially, measures of central tendency are often called ''averages.'' The term ''central tendency'' dates from the late 1920s. The most common measures of central tendency are the arithmetic mean, the median, and the mode. A middle tendency can be calculated for either a finite set of values or for a theoretical distribution, such as the normal distribution. Occasionally authors use central tendency to denote "the tendency of quantitative data to cluster around some central value."Upton, G.; Cook, I. (2008) ''Oxford Dictionary of Statistics'', OUP (entry for "central tendency")Dodge, Y. (2003) ''The Oxford Dictionary of Statistical Terms'', OUP for International Statistical Institute. (entry for "ce ...
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Sample Mean And Covariance
The sample mean (or "empirical mean") and the sample covariance are statistics computed from a sample of data on one or more random variables. The sample mean is the average value (or mean value) of a sample of numbers taken from a larger population of numbers, where "population" indicates not number of people but the entirety of relevant data, whether collected or not. A sample of 40 companies' sales from the Fortune 500 might be used for convenience instead of looking at the population, all 500 companies' sales. The sample mean is used as an estimator for the population mean, the average value in the entire population, where the estimate is more likely to be close to the population mean if the sample is large and representative. The reliability of the sample mean is estimated using the standard error, which in turn is calculated using the variance of the sample. If the sample is random, the standard error falls with the size of the sample and the sample mean's distribution ...
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Truncated Mean
A truncated mean or trimmed mean is a statistical measure of central tendency, much like the mean and median. It involves the calculation of the mean after discarding given parts of a probability distribution or sample at the high and low end, and typically discarding an equal amount of both. This number of points to be discarded is usually given as a percentage of the total number of points, but may also be given as a fixed number of points. For most statistical applications, 5 to 25 percent of the ends are discarded. For example, given a set of 8 points, trimming by 12.5% would discard the minimum and maximum value in the sample: the smallest and largest values, and would compute the mean of the remaining 6 points. The 25% trimmed mean (when the lowest 25% and the highest 25% are discarded) is known as the interquartile mean. The median can be regarded as a fully truncated mean and is most robust. As with other trimmed estimators, the main advantage of the trimmed mean is robu ...
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Skewness
In probability theory and statistics, skewness is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean. The skewness value can be positive, zero, negative, or undefined. For a unimodal distribution, negative skew commonly indicates that the ''tail'' is on the left side of the distribution, and positive skew indicates that the tail is on the right. In cases where one tail is long but the other tail is fat, skewness does not obey a simple rule. For example, a zero value means that the tails on both sides of the mean balance out overall; this is the case for a symmetric distribution, but can also be true for an asymmetric distribution where one tail is long and thin, and the other is short but fat. Introduction Consider the two distributions in the figure just below. Within each graph, the values on the right side of the distribution taper differently from the values on the left side. These tapering sides are called ''tail ...
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Kurtosis
In probability theory and statistics, kurtosis (from el, κυρτός, ''kyrtos'' or ''kurtos'', meaning "curved, arching") is a measure of the "tailedness" of the probability distribution of a real-valued random variable. Like skewness, kurtosis describes a particular aspect of a probability distribution. There are different ways to quantify kurtosis for a theoretical distribution, and there are corresponding ways of estimating it using a sample from a population. Different measures of kurtosis may have different interpretations. The standard measure of a distribution's kurtosis, originating with Karl Pearson, is a scaled version of the fourth moment of the distribution. This number is related to the tails of the distribution, not its peak; hence, the sometimes-seen characterization of kurtosis as "peakedness" is incorrect. For this measure, higher kurtosis corresponds to greater extremity of deviations (or outliers), and not the configuration of data near the mean. It is ...
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Normality Test
In statistics, normality tests are used to determine if a data set is well-modeled by a normal distribution and to compute how likely it is for a random variable underlying the data set to be normally distributed. More precisely, the tests are a form of model selection, and can be interpreted several ways, depending on one's interpretations of probability: * In descriptive statistics terms, one measures a goodness of fit of a normal model to the data – if the fit is poor then the data are not well modeled in that respect by a normal distribution, without making a judgment on any underlying variable. * In frequentist statistics statistical hypothesis testing, data are tested against the null hypothesis that it is normally distributed. * In Bayesian statistics, one does not "test normality" per se, but rather computes the likelihood that the data come from a normal distribution with given parameters ''μ'',''σ'' (for all ''μ'',''σ''), and compares that with the likelihood that the ...
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Summary Statistic
In descriptive statistics, summary statistics are used to summarize a set of observations, in order to communicate the largest amount of information as simply as possible. Statisticians commonly try to describe the observations in * a measure of location, or central tendency, such as the arithmetic mean * a measure of statistical dispersion like the standard deviation, standard mean absolute deviation * a measure of the shape of the distribution like skewness or kurtosis * if more than one variable is measured, a measure of correlation and dependence, statistical dependence such as a Pearson product-moment correlation coefficient, correlation coefficient A common collection of order statistics used as summary statistics are the five-number summary, sometimes extended to a seven-number summary, and the associated box plot. Entries in an analysis of variance table can also be regarded as summary statistics. Examples Location Common measures of location, or central tendency, are ...
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