Comprehensive Guide to Descriptive Statistics: Mean, Median, Mode, Variance & Standard Deviation with Examples

📊 1-ON-1 STATS COACHING [FREE CONSULTATION]: https://gradcoach.me/ilCZDO 📊 Learn the basics of descriptive statistics in 15 minutes! If you're new to quantitative data analysis, you don't want to miss this. In this lesson, we cover the basics of descriptive statistics, including measures of central tendency such as the mean (average), median and mode - as well as measures of dispersion, such as variance and standard deviation. We also explore skewness to help you understand how data can be shaped. We'll look at tons of examples along the way, so that you can fully understand descriptive stats and approach your analysis with confidence! OVERVIEW: Descriptive Statistics 101 00:00 Intro 00:20 What are descriptive statistics? 00:57 Examples of descriptive statistics 01:48 Descriptive statistics vs inferential statistics 02:25 Samples and populations 02:30 Why descriptive statistics are so important 03:40 The Big 7 descriptive 04:04 Measures of central tendency 04:20 Mean, median and mode 04:50 Examples of mean, median and mode 06:10 Frequency distributions and bell curves 06:35 Skewness statistics 06:50 Leans and shapes of distributions 08:12 Measures of dispersion 07:30 Understanding dispersion 07:49 How dispersion impacts your interpretation 08:16 Range 08:38 Variance 09:10 Standard deviation 09:40 Examples of range, variance and standard deviation 11:45 Recap of descriptive stats 12:30 Free resources KEY RESOURCES: Free Statistics Cheatsheet - https://gradcoach.com/statistics-cheatsheet/ Quant Analysis 101 - https://www.youtube.com/watch?v=EUeQRE5UJpg Descriptive Stats Video Explainer - https://youtu.be/SplCk-t1BeA Descriptive Stats 101 - https://gradcoach.com/descriptive-statistics/ Inferential Stats 101 - https://gradcoach.com/inferential-statistics/ Inferential Stats Explainer Video: https://www.youtube.com/watch?v=6E6pB5JFLgM To learn more about quantitative data analysis, descriptive statistics and inferential statistics, visit the Grad Coach blog - https://gradcoach.com/blog/. For 1-on-1 help with your descriptive statistics (or any other aspect of your research project), check out out private coaching service - https://gradcoach.com/dissertation-coaching/ Our Socials 🟢 Facebook - https://www.facebook.com/gradcoachofficial 🟢 IG - https://www.instagram.com/gradcoachofficial/ 🟢 Twitter - https://twitter.com/gradcoachdotcom 🟢 LinkedIn - https://www.linkedin.com/company/grad-coach-intl 🟢 Twitter - https://twitter.com/gradcoachdotcom