Basics Statistics Formulas You Need to Know

Statistics Formulas

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1. Mean

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2. Median

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3. Mode

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4. Variance

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5. Standard Deviation

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Basics Statistics Formulas You Need to Know

Statistics Formulas

Statistics formulae include mean, median, mode as well as standard deviation.

1. Mean

Arithmetic mean = ∑x/n

2. Median

Median = [(n + 1)/2]th term

3. Mode

Mode specifies the most repeating element in the given data.

4. Variance

Variance (σ2)=∑(x−¯x)2n

5. Standard Deviation

Standard = σ = √∑(x−¯x)2n

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