Finite Math Examples
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Step 1
The five-number summary is a descriptive statistic that provides information about a set of observations. It consists of the following statistics:
1. Minimum (Min) - the smallest observation
2. Maximum (Max) - the largest observation
3. Median - the middle term
4. First Quartile - the middle term of values below the median
5. Third Quartile - the middle term of values above the median
Step 2
Arrange the terms in ascending order.
Step 3
The minimum value is the smallest value in the arranged data set.
Step 4
The maximum value is the largest value in the arranged data set.
Step 5
The median is the middle term in the arranged data set.
Step 6
Step 6.1
The lower half of data is the set below the median.
Step 6.2
The median is the middle term in the arranged data set.
Step 7
Step 7.1
The upper half of data is the set above the median.
Step 7.2
The median is the middle term in the arranged data set.
Step 8
The five most important sample values are sample minimum, sample maximum, median, lower quartile, and upper quartile.