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156    P r o c e s s   C o n t r o l                                                                                                                           Q u a n t i f y i n g   P r o c e s s   Va r i a t i o n    157


                       Sample
                       Statistic    Description                Equation/Symbol
                       Measures of location
                       Population   The center of gravity or         N
                                                                   1
                       mean         centroid of the distribution   µ = ∑ x i
                                                                   N i  = 1
                                                               where N is the population size and x is an
                                                               observation
                       Sample       The center of gravity or         n
                                                                   1
                       mean         centroid of a sample from a   x = ∑  x i
                                    distribution                   n i = 1
                                                               where n is the sample size and x is an
                                                               observation
                       Median       The 50/50 split point.      � x
                                    Precisely half of the data set
                                    will be above the median, and
                                    half below it.
                       Mode         The value that occurs most   None
                                    often. If the data are grouped,
                                    the mode is the group with the
                                    highest frequency.
                       Measures of dispersion
                       Range        The distance between the   R = Largest – Smallest
                                    sample extreme values
                       Population   A measure of the variation         N       2
                                                                              x
                       standard     around the mean, in the same   σ =  ∑  j = 1 ( x − )
                                                                           j
                       deviation    units as the original data   x        N
                       Sample       A measure of the variation         n       2
                                                                              x
                       standard     around the mean, in the same   s =  ∑  j = 1 ( x − )
                                                                           j
                       deviation    units as the original data   x      n − 1
                       Measures of shape
                       Skewness     A measure of asymmetry. Zero               N  ( x −  x) 3
                                    indicates perfect symmetry;   k =  [( N − )(1  N − )]2  ∑  j  3
                                    the normal distribution has         N      j = 1  σ x
                                    a skewness of zero. Positive
                                    skewness indicates that the
                                    “tail” of the distribution is more
                                    stretched on the side above
                                    the mean. Negative skewness
                                    indicates that the tail of the
                                    distribution is more stretched
                                    on the side below the mean.
                       Kurtosis     Kurtosis is a measure of                             N N  − x) 
                                                                                                  4
                                                                               (
                                    flatness of the distribution.   Kurtosis =   N N  + ) 1  ∑  x (  j  
                                                                             1
                                                                                  2
                                    Heavier tailed distributions          N (   − )( N  − )( N  − ) 3  j = 1  σ 4 x   
                                    have larger kurtosis measures.            3( N + 1) 2
                                    The normal distribution has a         −
                                    kurtosis of 3.                          ( N − 2)( N − 3)
                      Table 9.1  Common Descriptive Statistics




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