Review the key concepts, formulae, and examples before starting your quiz.
🔑Concepts
The primary objective of analyzing frequency distributions is to compare the variability, consistency, or stability of two or more data sets. This is essential when data sets have different units of measurement or significantly different means.
The Coefficient of Variation (C.V.) is the most important tool for this analysis. It is a relative measure of dispersion, expressed as a percentage, which allows for a fair comparison between distributions regardless of their scales. Visually, a higher C.V. corresponds to a 'flatter' frequency curve where data points are widely scattered from the center.
A distribution with a smaller Coefficient of Variation is considered more consistent, more stable, or more uniform. Conversely, a distribution with a larger C.V. is considered more variable, less stable, or more dispersed. In a graph, the more 'consistent' series will appear as a steep, narrow peak concentrated around the mean value.
When comparing two frequency distributions with the same mean, the distribution with the smaller standard deviation () is more consistent. In this case, the C.V. is directly proportional to the standard deviation, so the comparison of alone is sufficient to determine stability.
Visually representing variability can be done using frequency polygons or curves. If you plot two distributions on the same set of axes, the one that looks like a tall, thin mountain has low variability (low C.V.), while the one that looks like a low, wide plateau has high variability (high C.V.).
To calculate C.V. for a grouped frequency distribution, one must first find the arithmetic mean () and the standard deviation (). For efficiency, the step-deviation method is often used, where is calculated to simplify the numbers before applying the standard deviation formula.
The analysis of frequency distributions is widely applied in finance to compare the risk (volatility) of different stocks and in sports to compare the consistency of performance between different players over a season.
📐Formulae
💡Examples
Problem 1:
The following data shows the mean and standard deviation of marks obtained by two groups of students in a Mathematics test: Group A (Mean = , S.D. = ) and Group B (Mean = , S.D. = ). Which group shows more consistency in their marks?
Solution:
Step 1: Calculate the Coefficient of Variation (C.V.) for Group A. \ . \ Step 2: Calculate the Coefficient of Variation (C.V.) for Group B. \ . \ Step 3: Compare the C.V. values. Since , Group B has a lower C.V.
Explanation:
Consistency is determined by a lower Coefficient of Variation. Even though Group B has a higher mean, its relative dispersion (variability) is lower than Group A, making Group B more consistent.
Problem 2:
Two plants, X and Y, produce bulbs. The average life of bulbs from Plant X is hours with a standard deviation of hours. For Plant Y, the average life is hours with a standard deviation of hours. Which plant produces bulbs with greater relative variation?
Solution:
Step 1: Find C.V. for Plant X. \ . \ Step 2: Find C.V. for Plant Y. \ . \ Step 3: Compare the results. .
Explanation:
To find 'greater relative variation', we look for the higher C.V. Although Plant Y bulbs last longer on average, their lifespan is more variable relative to their mean compared to Plant X.