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Figure 2. Box-plot with whiskers from minimum to maximum Figure 3. Same box-plot with whiskers drawn within the 1.5 IQR value. A boxplot is a standardized way of displaying the dataset based on the five-number summary: the minimum, the maximum, the sample median, and the first and third quartiles.
The mean and the standard deviation of a set of data are descriptive statistics usually reported together. In a certain sense, the standard deviation is a "natural" measure of statistical dispersion if the center of the data is measured about the mean. This is because the standard deviation from the mean is smaller than from any other point.
Box plot of the Michelson–Morley experiment, showing several summary statistics. In descriptive statistics, summary statistics are used to summarize a set of observations, in order to communicate the largest amount of information as simply as possible. Statisticians commonly try to describe the observations in
More recently, a collection of summarisation techniques has been formulated under the heading of exploratory data analysis: an example of such a technique is the box plot. In the business world, descriptive statistics provides a useful summary of many types of data.
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Statistical graphics have been central to the development of science and date to the earliest attempts to analyse data. Many familiar forms, including bivariate plots, statistical maps, bar charts, and coordinate paper were used in the 18th century. Statistical graphics developed through attention to four problems: [3]
Standard deviation is a widely used measure of the spread or dispersion of a dataset. It quantifies the average amount of variation or deviation of individual data points from the mean of the dataset. It uses squared deviations, and has desirable properties. Standard deviation is sensitive to extreme values, making it not robust. [7]
The sample extrema can be used for a simple normality test, specifically of kurtosis: one computes the t-statistic of the sample maximum and minimum (subtracts sample mean and divides by the sample standard deviation), and if they are unusually large for the sample size (as per the three sigma rule and table therein, or more precisely a Student ...