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18 Cards in this Set

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  • Back
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Probability

Function of favorable outcomes (must be between 0-1)

Positive correlation

One increases, other increases

Negative correlation

One increases, other decreases

Central limit theorem

Percentages obtained by taking many samples of the same size from a population are approx normally distributed (n>_ 30)

Allows you to use the normal distribution

Confidence interval

Result adjusted by adding and subtracting the margin of error

Confidence level

Percentage of such polls in which the confidence interval contains the true result

Independent events

Outcome of one event does not change the probability of the other

Dependent events

Outcome of one event affects the other event (not replacing a card in a deck)

Boxplot

Graphic representation of the 5 no summary (median, quartiles, and extremes)

Median

Histogram

Bar graph that shows the frequencies with which certain data occur (bars are touching, draw curve that shows probability under it)

Mean

Outlier

Data point that doesn't fit into the pattern, significantly different from the rest of the data

P-value

Measures the probability that the outcome of an event would occur by chance alone.



Small p-value- evidence that the event in question is unlikely to be due to chance alone. Statistically significant if p-value is less than .05

Normal distribution

1. Graph is bell shaped curve


2. Mean and median close to the same


3. Most of the data tend to be clustered relatively near the mean


4. The data are symmetrically distributed above and below the mean

How to find standard deviation

1. Find mean


2. Subtract mean from all data points


3. Square all answers


4. Add them


5. Divide by number of answers



Calculator:


1. Create list of data points in calculator


2. Stat- calc- enter-calculate


3. Little sigma x

How to find margin of error for a 95% confidence level?

1. Use formula on formula page


How to find sample size?

Use formula



M=margin of error (2% is just written as 2)

combinations

Multiply all the outcomes

Empirical rule

68-95-99.7%


Only works in normal distribution