Value |
Meaning |
---|---|
Minimum |
The smallest value. |
25% of values are lower than this. |
|
Half the values are lower; half are higher. |
|
75% of values are lower than this. |
|
Maximum |
The largest value. |
The average. |
|
Quantifies variability or scatter. |
|
Quantifies how precisely the mean is known. |
|
Given some assumptions, there is a 95% chance that this range includes the true overall mean. |
|
The standard deviation divided by the mean. |
|
Compute the logarithm of all values, compute the mean of the logarithms, and then take the antilog of that mean. It is a better measure of central tendency when data follow a lognormal distribution (long tail). |
|
Compute the reciprocal of all values, compute the mean of the reciprocals, and then take the reciprocal of that mean. |
|
Compute the square of all values, compute the mean of the squares, and then take the square root of that mean. |
|
Quantifies how symmetrical the distribution is. A distribution that is symmetrical has a skewness of 0. |
|
Quantifies whether the tails of the data distribution matches the Gaussian distribution. A Gaussian distribution has a kurtosis of 0. |