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Summary statistics |
In descriptive statistics, summary statistics are used to summarize a set of observations, in order to communicate the largest amount as simply as possible. Statisticians commonly try to describe the observations in
The Gini coefficient was originally developed to measure income inequality, but can be used for other purposes as well.
The following example using R is the standard summary statistics of a randomly sampled normal distribution, with a mean of 0, standard deviation of 1, and a population of 50:
> x <- rnorm(n=50, mean=0, sd=1)
> summary(x)
Min. 1st Qu. Median Mean 3rd Qu. Max.
-1.72700 -0.49650 -0.05157 0.07981 0.67640 2.46700