Last visit was: 12 Dec 2024, 14:46 It is currently 12 Dec 2024, 14:46
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
RK73
Joined: 07 Jul 2003
Last visit: 07 Aug 2003
Posts: 33
Own Kudos:
Posts: 33
Kudos: 1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
avatar
stolyar
Joined: 03 Feb 2003
Last visit: 06 May 2014
Posts: 1,012
Own Kudos:
Posts: 1,012
Kudos: 1,751
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
RK73
Joined: 07 Jul 2003
Last visit: 07 Aug 2003
Posts: 33
Own Kudos:
Posts: 33
Kudos: 1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
avatar
stolyar
Joined: 03 Feb 2003
Last visit: 06 May 2014
Posts: 1,012
Own Kudos:
Posts: 1,012
Kudos: 1,751
Kudos
Add Kudos
Bookmarks
Bookmark this Post
People are usually afraid of the things that they, people, cannot explain.
User avatar
AkamaiBrah
User avatar
GMAT Instructor
Joined: 07 Jul 2003
Last visit: 24 Jun 2009
Posts: 392
Own Kudos:
Location: New York NY 10024
Concentration: Finance
Schools:Haas, MFE; Anderson, MBA; USC, MSEE
Posts: 392
Kudos: 496
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Statistics problems are not so bad on the GMAT.

You need to really understand what the mean is thoroughly, but if you remember that the MEAN = SUM divided by #ITEMS you cannot go wrong.
Don't forget, all you need to know to calculate a mean is the sum of the itmes and the number of items (you do NOT need to know what all of the items are).

Remember the mean is an average, the median is the "middle" number (or average of two middle numbers If the number of items is even), and "mode" (which I have never seen used in real life) is the item that occurs the most (the most might not be unique).

Finally, the only thing you have to know about standard deviation is that it is a measure of dispersity (how different and/or spread out the range numbers are).

HTH.



Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Quantitative Questions Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
Moderator:
Senior Moderator - Masters Forum
3116 posts