Lesson 4: Measuring Variance and Standard Deviation

September 4, 2019

Review:

Presentation:

  • Demonstrate calculation
    • Find the variance and the standard deviation for the following (n=10) exam scores: 80 73 92 85 75 98 93 55 80 90
    • Demonstrate in Google Sheets
  • Video

Activity:

Problem 1. Below are the number of home runs that Babe Ruth hit in each of his 15 years with the New York Yankees, 1920 – 1934. Calculate the mean and standard deviation.
54 59 35 41 46 25 47 60 54 46 49 46 41 34 22 

Problem 2. Six 9th-grade students and six 12th-grade students were asked: how many movies have you seen this month? See their responses below. Calculate the mean and standard deviation for each data set. Which is more spread out, the 9th-grade or 12th-grade data?
9th-grade: 5, 1, 2, 5, 3, 8
12th-grade: 4, 2, 0, 2, 3, 1

Assignment:

  • Repeat Problems 1 and 2 (above) using Sheets
  • Using the Student Height Data, calculate mean and standard deviation in Sheets
  • Text Ch. 1, p. 40-44

Justin

Justin Holman is CEO of Aftermarket Analytics, where he leads efforts to develop cutting edge sales forecasting and inventory optimization technology for the Automotive Aftermarket. Prior to joining Aftermarket Analytics, Justin managed corporate consulting for the Strategy & Analytics division at MapInfo Corporation, leading major projects for retail clients including The Home Depot, Darden Restaurants, Bridgestone-Firestone, Sainsbury’s and New York & Company. Before that, Justin served as Vice President of Software Development at LogicTools, now part of IBM's supply chain application software group. Justin holds a B.A. from Claremont McKenna College, a Ph.D. from the University of Oregon and an Executive Management certificate from Northwestern University's Kellogg School of Management.

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