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55 Cards in this Set

  • Front
  • Back
What are the symbols for population and sample mean?
What are the symbols for population and sample variance?
What are the symbols for population and sample standard deviation?
Define variance
How far the population is spread about the mean
Define standard deviation
The square root of the variance.
Define Parameter
Descriptive Measure about a population
Define statistic
Descriptive Measure about a sample
What are the 3 types of data
Interval
Ordinal
Nominal
What is the most appropriate measure of central location for interval data?
mean, median, and/or mode are all appropriate
What is the most appropriate measure of central location for ordinal data?
Median
What is the most appropriate measure of central location for nominal data?
Mode
According to the empirical rule, what percentage of all observations fall within:
1 standard deviation
2 standard deviations
3 standard deviations
1. 68%
2. 95%
3. 99.7%
Describe Chebysheff's theorum
The proportion of observations in any sample or population that lie within K standard deviations of the mean is at least:

1-(1/K^2) for K>1
What is type of distribution is the empirical rule used for?

What distribution is chebysheff's rule used for?
Empirical: normal

Chebysheff: skewed
How can variability be compared with multiple sets of interval data?
By using the coefficient of variation?
What is the formula for the coefficient of variation?
CV = standard deviation/mean
What does the interquartile range equal? What does this measure?
Q3-Q1

Measures the spread of the middle 50% of the observations.
What do large values of the interquartile range indicate?
That first and third quartile are far apart and that there is high variability in the data.
In a box plot, if the line is left of center, then the data is skewed______?
Skewed to the right (or positively)
In a box plot, if the line is right of center, then the data is skewed ______?
Skewed to left (or negatively)
In a box plot, what do points outside the whiskers represent?
Outliers
How are outliers identifified using the interquartile range?
Outliers will exist

Above: Q1+1.5(IQR)
Below: Q1-1.5(IQR)
What is the R^2 value?
R^2 is the coefficient of determination. It is the proportion in the dependent variable explained by the independent variable.
an R^2 value of .75 means...?
.75 of Y (dependent) is caused by X (independent). .25 of Y is unexplained.
What are the methods of data collection?
direct observation
experiments
surveys
personal inteview
telephone interview
What are the types of sampling plans?
convenience sampling
Stratified
Proportional stratified
Cluster
Systematic
Define cluster sampling
First dividing population into clusters, then take random sample of clusters, then take random sample of elements in each cluster.
Define systematic sampling
Random every nth item selected.
What are the types of errors in sampling. Define them.
Sampling errors: when sample mean is different from population mean (margin of error)

Non-sampling error: error not caused by sampling
What are the types of non sampling errors?
Random errors - unpredictable. The larger the population the more random error cancels out.

Systematic error - error in question design, non-responsive, biased answers.
What are the measures of reliability?
Confidence and Significance Level
Define confidence level
The proportion of times an estimation procedure will be correct
Define significance level
How frequently a conclusion will be incorrect in the long run.
A confidence level of 95% means that the significance level is______%
CL or 95% = SL of 5%
What are the 3 approaches to probability?
Classical/Theoretical
Subjective Approach
Relative Frequency Approach
Describe the classical approach to probability
Can only use when events are equally likely
Describe the relative frequency approach to probability
Collect data, conduct an experiment, obtain and organize results.

P(a)=frequency/sample size

Approximate probabilities
How do you find the number of marginal probabilities that exist in a table?
Add the rows and columns to find the number of marginal probabilities
What is the notation for the probability of event A given event B?
P(A|B)
How is it determined If event A and event B are independent?
if P(A|B) = A, then A and B are independent.
P(A|B) =
P(A|B) = P(A and B)/P(B)
If A and B are independent, the P(A and B) =
P(A and B) = P(A) * P(B)
If A and B are not independent, then P(A and B) =
P(A and B) = P(A)*P(B|A)
P(A or B) =

What kind of probability does this describe?
P(A or B) = P(A) + P(B) - P(A and B)

Compound probability
If events A and B are mutually exclusive, then P(A or B) =
P(A or B) = P(A) + P(B)
Class width =
(largest observation - smallest observation)/number of rows desired
Relative frequency =
Relative frequency = frequency occurred in row divided by total sample frequencies.
Cumulative relative frequency =
Cumulative relative frequency = Relative frequency accumulated
Cumulative frequency =
Cumulative frequency = frequency accumulating
What is an ogive?
A cumulative frequency graph. Always goes upward, never downward. Uses relative frequency. It shows what percentage of the sample is below a certain number.
What is a stem and leaf plot?
A graphical depiction of observation in a sample. The first digit = Stem, Second digit = leaf.
When is a histogram symmetric?
When mean=median=mode
When are histograms skewed to the right? left?
skewed right = mean is to the right of median
skewed left = mean is to the left of median
What are the 3 measures of variation?
Range
Variance
Standard Deviation
Class Width =
(Largest observation - Smallest Oberservation)/class width