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56 Cards in this Set

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A subset of the population that is being studied

Sample

A person or object that is a member of the population being studied

Individual

Characteristics of the individuals within the population

Data/variables

Numerical summary of a population

Parameter

Numerical summary of a sample

Statistic

Type of statistics that consists of organizing and summarizing data and describes data through numerical summaries, tables, and graphs

Descriptive statistics

Type of statistics that uses methods that take a result from a sample, extends it to the population, and measures the reliability of the result

Inferential statistics

Type of data/variable which classifies individuals based on some attribute or characteristic: identification

Qualitative variables

Type of data/variable that provides numerical measures for individuals. Arithmetic operations can be performed on these values and provide meaningful results

Quantitative variables

Type of quantitative data that is countable and finite

Discrete

Type of quantitative data that is measured

Continuous

Process of using chance to select individuals from a population to be included in the sample; equally likely

Simple random sampling

Type of sampling obtained by separating the population into nonoverlapping groups called strata and then obtaining a simple random sample from each stratum. The individuals within each stratum (group) should be similar in some way

Stratified sample

Type of sampling obtained by selecting every kth individual from the population. The first individual selected corresponds to a random number between 1 and k; spreads out the sample to increase randomness

Systematic sampling

Sampling obtained by selecting all individuals within a randomly selected collection or group of individuals. Groups do not have to be similar

Cluster sampling

Sample in which individuals are easily obtained and not based on randomness

Convenience sampling

Lists each category of data and the number of occurrences for each category of data

Frequency distribution

The proportion of observations within a category

Relative frequency

Lists each category of data together with the relative frequency

Relative frequency distribution

Categories of data

Classes

The ____ of a class is the smallest value within the class

Lower class limit

The ____ of a class is the largest value within a class

Upper class limit

The ____ is the difference between consecutive lower class limits

Class width

The three measures of spread

Range, variance, standard deviation

The three measures of center

Mean, median, mode

The empirical rule

68, 95, 99.7

A histogram or table is an example of (descriptive or inferential) statistics

Descriptive

One can make reasonable guesses using (descriptive or inferential) statistics

Inferential

List of all possible outcomes

Distribution

___ distribution is when the frequency of the values is spread evenly

Uniform (symmetric)

___ distribution is when the highest frequency occurs in the middle and frequencies tail off the left and right

Bell-shaped (symmetric)

Is money discrete or continuous?

Discrete because it's countable

Symbol for population mean

Mew

Symbol for population size

N

Symbol for sample mean

X bar

Symbol for sample size

n

The measure of center that divides data in half

Median

How to find median of even numbered data set

Take the mean of the middle two numbers

Relationship of mean and median when distribution is skewed left

Mean < median

Relationship of mean and median when distribution is skewed right

Mean > median

Shape of distribution when mean=median

Symmetric

The measure of spread best used to describe skewed data

Median

True or false: an observation is the mode just because it repeats.

False: the mode is an observation that occurs the MOST

Phrase indicative of a sample instead of a population

Randomly selected

The sum of all deviation about the mean usually equals ___, so finding the deviation mean this way would be impossible. How is this solved?

Zero. By taking the average of the SQUARED deviations (variance)

How do you find the standard deviation?

By taking the square root of the variance

The sum of the squared deviations

Variance

Average deviation about the mean

Standard deviation

Empirical rule

68-95-99.7 rule helps summarize and describe data set

Term for data lying outside of two standard deviations from the mean

Unusual

Z score Formula

X - mean/standard deviation

Population variance formula

Sum of all deviations squared/N

Sample variance formula

Sum of all deviations squared / n-1

Symbol for population standard deviation

Sigma

Symbol for population standard deviation

Sigma

Symbol for sample standard deviation

S