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If I fix the values of standard deviation and mean, is it true that we can get only set that satisfies this condition?
Simply put, is it possible that two sets may have the same standard deviation and mean?
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Below two different sets have the same SD and mean: The SD of {-1, 0, 1} is \(\sqrt{\frac{2}{3}}\) and mean is 0; The SD of {\(-\sqrt{\frac{4}{3}}\), 0, 0, \(\sqrt{\frac{4}{3}}\)} is \(\sqrt{\frac{2}{3}}\) and mean is 0.
My question is: Could we find two sets having the same mean, standard deviation, and the number of elements?
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The link has an answer to another question, if you are preparing for the GMAT you just need to understand the concept of it: standard deviation shows how much variation there is from the mean, how widespread a given set is. So, a low standard deviation indicates that the data points tend to be very close to the mean, whereas high standard deviation indicates that the data are spread out over a large range of values.
Also there is links to the SD chapter of Math Book, to some useful rules and tips on SD along with typical GMAT questions on this subject.
My question is: Could we find two sets having the same mean, standard deviation, and the number of elements?
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Yes, you can find two different sets with the same mean, standard deviation, and the number of elements. Here is how you can construct one of such pairs:
set1: {-2, -1, 0, 1, 2}
set2: {-x, -1.1 , 0, 1.1, x} - the same mean and number of elements. Now we should find x for which the set has the same SD as set 1. My guess it's ~1.95
Yes, you can find two different sets with the same mean, standard deviation, and the number of elements. Here is how you can construct one of such pairs:
set1: {-2, -1, 0, 1, 2}
set2: {-x, -1.1 , 0, 1.1, x} - the same mean and number of elements. Now we should find x for which the set has the same SD as set 1. My guess it's ~1.95
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Sure you can find such sets. Simpler example would be:
{-2, -1, 0, 1, 2} --> \(SD=\sqrt{2}\) and \(mean=0\); {-\(\sqrt{5}\), 0, 0, 0, \(\sqrt{5}\)} --> \(SD=\sqrt{2}\) and \(mean=0\).
Both have the same SD, mean and # of elements.
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