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29 Cards in this Set

  • Front
  • Back

What is Descriptive statistics ?

Methods used to summarize or describe the important characteristics of a set of data.

What is Inferential Statistics ?

Methods that use sample data to make inferences about the population.

Five important characteristics about data ?


CVDOT

Center


Variation


Distribution


Outliers


Time

What is a frequency distribution

Shows how a data set is distributed by listing all the classes or categories and the number of values in each.

List 5 important characteristics about Frequency tables

Lower class limits


upper class limits


class midpoints


class boundaries


class width


List 3 reasons for constructing frequency distributions

Large data sets can be summarized


We can analyze the nature of data


We have a basis for constructing important graphs

Steps to constructing a frequency table

1) # classes


2)Determine the class width- (max - min ) / # classes


3) List the first lower class limits , then all the others, then the upper class limits , then tally .



What is relative frequency and percentage frequency .

Relative frequency - class frequency / sum of all frequencies


Percentage frequencies - class frequency /sum of all frequencies x 100

List 3 characteristics of a Histogram

1-A graph consisting of bars of equal width drawn adjacent to each other


2-The horizontal scale represents the classes


3-The vertical scale represents frequencies

What does the horizontal scale for a histogram use ?


What does the vertical scale for a histogram use ?

Horizontal scale can use - class boundaries,class midpoints, lower class limits (introduces small errors)


Vertical scale uses - class frequencies

List 5 types of graphs

Scatterplot, dot plot, stem plot, multiple bar graph , bar graph

List the four measure of center

Mean, median, mode, midrange (max+min)/2

What is advantage and disadvantage of the mean ?

Advantage- Takes every data into account ,




Disadvantage - Is sensitive to every data value, sensitive to extreme values , not resistant measure of center

What is the advantages and disadvantages of Median ?

Advantages - not affected by extreme values, is a resistant measure of the center




Disadvantages - Does not take every value into account

What is the advantage and disadvantages of the Mode




And one interesting fact

Advantage - Not affected by extreme values




Disadvantage - Does not take every value into account




can be used for nominal data


can have more than 1 mode

What are the advantages and disadvantages of the Midrange ?

Advantages - Very easy to compute,




Disadvantages - Sensitive to extremes

What is the round-off rule for measures of center

Carry one more decimal place than is present in the original set of values.

Remember, mean from a frequency distribution

Sum of frequency by x(class midpoint) over the sum of frequency

What is weighted mean ?

sum of weight by x over sum of weight

Remember skewed and symmetric data

s

Skewed to the left and skewed to the right ?

Skewed to the left (negatively skewed)- a longer tail to the left, the mean and median are to the left of the mode




Skewed to the right(positively skewed)- a longer tail to the right, the mean and median are to the right of the mode.

What is the range ?

difference between the maximum and minimum values


Very sensitive to extreme values, therefore its not as useful as other measures of variation.

What is the round-off rule for Measures of Variation

Round only the final answer


Carry one more decimal place than is present in the original set data .

What is standard deviation ?

s - measure of variation of values about the mean.


The value is usually positive


The value can increase dramatically with the inclusion of one or more outliers


The units of standard deviation are the same as the units of the original data values

Rules for comparing 2 standard deviations and 2 variations ?

1) Compare 2 standard deviations only when the sample means are approximately the same.




2) When Comparing variations in sample with very different means its best to use the coefficient of variation .

What is the range rule of thumb ?

95% of sample values lie within two standard deviations of the mean

What is Empirical Rule ( 68-95-99.7) ?

1) 68% of all values fall within 1 standard deviation of the mean


2) 95%


3) 99.7% of all values fall within 3 standard deviation of the mean

What is the coefficient of variation (CV)

standard deviation over mean by 100

What is the z score ?

The number of standard deviation that a given value x is above or below the mean