Calculation formulas
This document contains information about the statistical formulas used in KensoBI panels and data sources.
Table of Contents
- Sample Mean Formula
- Average Range Formula
- Standard Deviation Formulas
- Mean of Means Formula
- Capability Indices Formulas
- Control Limits Calculation
- Shewhart individuals control chart
Sample Mean Formula
The sample mean () is a measure of central tendency, representing the average value of a set of sample data.
Formula
The formula for the sample mean is given by:
Where:
- is the sample mean,
- is the number of data points in the sample,
- represents each individual data point.
In this formula, represents the sum, and denotes the mean.
Average Range Formula
The average range () in statistical process control is calculated as the average of the individual ranges. The range is the difference between the maximum and minimum values in a sample.
Formula
The formula for average range is given by: