Mean

Mean - is calculated from the sum of value of items divided by the number
of items.
Advantages of mean
1.
2.
3.
4.

easy to calculate
widely understood
it is supported by mathematical theory
it is suited to further statistical analyzes

Disadvantages of mean
1. its values make not correspond to any actual value
2. it might be distorted by extremely high or low value
Sales and expenses of UCG Paint Ltd from
2005-2013

Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
Mean

UCG Paint Co Ltd

Packaging
Sales
Expenses
16624
1188
18877
1446
21110
1587
23662
2035
28075
2330
33898
2870
36775
3000
35238
2950
37280
3300
27949

2301

Power
and Fuel
244
230
228
255
274
330
350
343
365
291

Mode
Mode - is an average which indicates the most frequently occurring value.
Advantages of mode
1. it is easy to fine
2. it is not influence by a few extreme values
3. it can be used for data which are not even numerical

Disadvantages of mode
1. it may be unrepresentative
2. it does not take every value into account
3. there can be two or more modes within a set of date
Sales and expenses of UCG Paint Ltd from
2005-2013

Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
Mode

UCG Paint Co Ltd

Packaging
Sales
Expenses
16624
1188
18877
1446
21110
1587
23662
2035
28075
2330
33898
2870
36775
3000
35238
2950
37280
3300
#N/A
#N/A

Power and
Fuel
244
230
228
255
274
330
350
343
365
#N/A

Median
Median - is the value of the middle number of a distribution .
Advantages of Medium
1. Medium is only of interest where there is arrange of values and the middle
item is of sum significant
2. it is easy to understand and it is unaffected by extremely high or low
values
Disadvantages of Medium
1. it fails to reflect the full range of values
2. it is unsuitable for further statistic analysis

Sales and expenses of UCG Paint Ltd from

2005-2013

UCG Paint Co Ltd

Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
Median

Sales
16624
18877
21110
23662
28075
33898
36775
35238
37280
28075

Packaging
Expenses
1188
1446
1587
2035
2330
2870
3000
2950
3300
2330

Power and
Fuel
244
230
228
255
274
330
350
343
365
274

Range
Range - is the difference between the highest observation and the lowest
observation.
Advantages of Range
1. the range is the simplest measure of distribution
2. its indicate the length of distribution covers
Disadvantages of Range
1. it does not measure the spread of the maturity of values in a data set
Sales and expenses of UCG Paint Ltd from
2005-2013

UCG Paint Co Ltd

Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
Range

Sales
16624
18877
21110
23662
28075
33898
36775
35238
37280
20656

Packaging
Expenses
1188
1446
1587
2035
2330
2870
3000
2950
3300
2112

Power and
Fuel
244
230
228
255
274
330
350
343
365
137

Percentiles & Quartiles - a measure that expresses the position in term of

percentage is called a percentile of the data set.
Sales

Rank

37280

36775

35238

33898

28075

23662

21110

18877
16624

8
9

Perce
nt
100.00
%
87.50
%
75.00
%
62.50
%
50.00
%
37.50
%
25.00
%
12.50
%
0.00%

Packaging
Expense

Rank

3300

3000

2950

2870

2330

2035

1587

1446
1188

8
9

Perce
nt
100.00
%
87.50
%
75.00
%
62.50
%
50.00
%
37.50
%
25.00
%
12.50
%
0.00%

Power
and Fuel

Rank

365

Percent
100.00
1
%

350

87.50%

343

75.00%

330

62.50%

274

50.00%

255

37.50%

244

25.00%

230
228

8
9

12.50%
0.00%

Quartiles - are one means of identifying the range within which most of the
values in the population occur.
Sales and expenses of UCG Paint Ltd from
2005-2013

Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
Quartile

UCG Paint Co Ltd

Packaging
Sales
Expenses
16624
1188
18877
1446
21110
1587
23662
2035
28075
2330
33898
2870
36775
3000
35238
2950
37280
3300
21110
1587

Power and
Fuel
244
230
228
255
274
330
350
343
365
244

The variance and Standard deviation

Variance is the average of the squared mean deviation for each value in a
distribution.
The standard deviation is the square root of variance.

Sales and expenses of UCG Paint Ltd from

2005-2013

UCG Paint Co Ltd

Packaging
Power and
Year
Sales
Expenses
Fuel
2005
16624
1188
244
2006
18877
1446
230
2007
21110
1587
228
Sales and expenses of UCG Paint Ltd from
2008
23662
2035
255
2005-2013
2009
28075
274
UCG
Paint Co Ltd 2330
2010
33898
2870
Year
Sales
Packaging
Power 330
and
2011
36775
3000
Expenses
Fuel350
2012
35238
2950
343
2005
16624
1188
244
2013
37280
3300
365
2006
18877
1446
230
Sample
2007
21110
1587
228
Variance
66151116.69
597843.75
3083.25

2008
2009
2010
2011
2012
2013
Standar
d
Deviatio
n

23662
28075
33898
36775
35238
37280

2035
2330
2870
3000
2950
3300

255
274
330
350
343
365

8133.333677

773.2035631

55.527020
45

Skewness - is the asymmetry of a frequency distribution curve.

Sales

Rank

37280

36775

35238

33898

28075

23662

21110

18877
16624

8
9

Percen
t
100.00
%
87.50
%
75.00
%
62.50
%
50.00
%
37.50
%
25.00
%
12.50
%
0.00%

Packaging
Expense

Rank

3300

3000

2950

2870

2330

2035

1587

1446
1188

8
9

Percen
t
100.00
%
87.50
%
75.00
%
62.50
%
50.00
%
37.50
%
25.00
%
12.50
%
0.00%

Frequency Distribution

Mean
Median
Mode
Standard Deviation
Sample Variance
Kurtosis
Skewness

Sales
27948.77
778
28075
#N/A
8133.333
677
66151116
.69
1.910463
665
0.149259
161

Packaging
and
Expense
2300.67
2330
#N/A
773.2035
631
597843.7
5
1.686122
351
0.203622
579

Power
and Fuel
291.00
274
#N/A
55.52702
045
3083.25
2.092731
95
0.167197
46

Power
and Fuel

Rank

365

Percent
100.00
%

350

87.50%

343

75.00%

330

62.50%

274

50.00%

255

37.50%

244

25.00%

230
228

8
9

12.50%
0.00%

Range
Minimum
Maximum

20656
16624
37280

2112
1188
3300

137
228
365