Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
November 25, 2021 at 3:31 pm
First of all, thank you so much for the wonderful lessons
You explain very nicely why when we want to know what is the VARIANCE we need to make the numbers SQUARED because if you did not turn them then the plus would balance with the minus and we would reach zero
My question is this: after all, the numbers are supposed to be equal on both sides of the arithmetic mean, so why can we not just take only one side of the ARITHMETIC MEAN and divide it by only half the amount and then we were supposed to get a fair result???
post Scriptum. I tried it on my calculator and came up with a different result
John Moffat says
November 25, 2021 at 3:45 pm
What you suggest would be a measure of spread (and will give a different result) but is not one that we ever use, because there is no further use for it.
The variance and from it the standard deviation are useful in normal distribution theory as is explained in my lectures on the normal distribution.
March 9, 2021 at 9:10 am
Hi John, how do we know when to use the formula for population variance and when to use the formula for sample variance? I.e. when do we know to divide just by n or by n-1 when calculating variance? TIA!
March 9, 2021 at 2:44 pm
Sampling theory (which Is what this question seems to be referring to) is not in the syllabus for Paper MA. It used to be a long time ago, but that is many years ago now 🙂
November 14, 2020 at 10:02 am
SORRY TO SAY BUT I GUESS U GOT THE ANSWER OF SIGMA X-X2 WRONG IT IS 17514428 NOT 17694428
November 14, 2020 at 10:42 am
True – I must re-record the lecture. However the printed answer in the lecture notes is correct 🙂
(Please don’t type in capitals 🙂 )
November 8, 2020 at 9:59 am
Excuse me sir, I cant find practice questions of this chapter.
November 8, 2020 at 10:21 am
There are none. However there will be lots of questions in your Revision Kit (and it is absolutely essential that you have a Revision Kit from one of the ACCA approved publishers because they are full of exam standard questions for practice).
August 30, 2020 at 9:30 pm
Sorry to ask but how is Arithmetic Mean $1817 worked out?
August 31, 2020 at 8:10 am
I show the calculation in the previous lecture working through example 2 in this chapter !!!
You must be logged in to post a comment.