Centering & Variation
- Where is your data centered?
- How spread out is your data?
Measures of Centering
Some common choice for determining the center of a dataset are mean, median, and mode:- Mean -- Average of a dataset's values
- Median -- Value of datapoint in the "middle"
- Mode -- Most commonly appearing value in the dataset
Measures of Variation
Once we have a grasp on where a dataset is centered, we can ask how much the dataset spreads out around this center. A couple measures that use the mean as the center are mean absolute deviation \(\left(MAD\right)\), variance \((var)\), and standard deviation \((s)\). If data points \(x_i\) come from dataset with mean \(\bar{x}\), then we can define these three statistics as follows: $$ \begin{align*} MAD(x)&=\frac{\sum\limits_{i=1}^n|x_i-\bar{x}|}{n}\\ var(x)&=\frac{\sum\limits_{i=1}^n(x_i-\bar{x} )^2}{n-1}\\ s(x)&=\sqrt{var(x)} \end{align*} $$ All measure spread around the center, \(\bar{x}\), in different ways. To see these quantities in action, here is the normal distribution with mean 0:
