Descriptive statistics data example
What is descriptive data analysis explain with two examples?
Examples of descriptive analytics include KPIs such as year-on-year percentage sales growth, revenue per customer and the average time customers take to pay bills.
The products of descriptive analytics appear in financial statements, other reports, dashboards and presentations..
Understanding Descriptive Statistics
The mean, or the average, is calculated by adding all the figures within the data set and then dividing by the number of figures within the set. For example, the sum of the following data set is 20: (2, 3, 4, 5, 6). The mean is 4 (20/5).
Descriptive statistics just describes data. For example, descriptive statistics about a college could include: the average SAT score for incoming freshmen; the median income of parents; racial makeup of the student body. It says nothing about why the data might exist, or what trends you might be able to see from the data.Descriptive statistics are informational and meant to describe the actual characteristics of a data set. When analyzing numbers regarding the prior Major League Baseball season, descriptive statistics including the highest batting average for a single player, the number of runs allowed per team, and the average wins per division.For example, in papers reporting on human subjects, typically a table is included giving the overall sample size, sample sizes in important subgroups (e.g., for each treatment or exposure group), and demographic or clinical characteristics such as the average age, the proportion of subjects of each sex, the proportion of subjects with related co-morbidities, etc.
