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16 Cards in this Set

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Standardizing
The process of converting original values to standard deviation units.
Standardized Value
Synonymous with the z-score.
Z-score
The z-score is synonymous with the standardized value.
The z-score is synonymous with the standardized value.
Percentile
The pth percentile of a distribution is the value with with p percent of observations below it.
Chebyshev's inequality
In any distribution, the percent of observations falling within k standard deviations of the mean is at least C.
In any distribution, the percent of observations falling within k standard deviations of the mean is at least C.
Mathematical Model
It is the description of a system using mathematical concepts and language.
or
A mathematical representation of a process, device, or concept by means of a number of variables which are defined to represent the inputs, outputs, and internal states of the device or process, and a set of equations and inequalities describing the interaction of these variables.
Density Curve
It is a curve that:

- always on or above the horizontal axis, and
- has area exactly 1 underneath it.

A density curve describes the overall pattern of a distribution. The area under the curve and above any interval of values on the horizontal axis is the proportion of all observations that fall in that interval.
Normal Curve
A symmetrical curve representing the normal distribution.
Median of a Density Curve
This is the "equal-areas point," the point that divides the area under the curve in half.
Mean of a Density Curve
It is the " balance point," at which the curve would balance if made of solid material.
Standard Deviation of a Density Curve
Represented by the greek letter small sigma.
The 68-95-99.7 Rule
In the Normal distribution with mean mu and standard deviation sigma:
-Approximately 68% of the observations fall within one standard deviation of the mean.
-Approximately 95% of the observations fall within 2 standard deviations of the mean.
-Approximately 99.7% of the observations fall within 3 standard deviations of the mean.
Standard Normal Distribution
It is the Normal distribution N(0,1) with mean 0 and standard deviation 1.
Standard Normal table
a table of areas under the standard normal curve. Each table entry = area to left of z
Steps to Solving Normal Distributions
1. State the problem
2. Standardize and draw picture
3. Use the table
4. Conclusion
Normal Probability Plot
If points lie close to a straight line then the plot shows that data is Normal. Deviations from a straight line display a non-Normal distribution.