Flashcards
Chapter 22
Cards in this deck (15)
- 1Bar GraphVisual representation using horizontal or vertical bars to make comparison or to show relationship on items of similar makeup
- 2Circle GraphA visual representation of the parts to the whole
- 3Empirical RuleFor a normal distribution, nearly all the data fall within three standard deviations of the mean
- 4Frequency DistributionShows by table the number of times event(s) occurs
- 5Index NumbersExpress the relative changes in a variable compared with some base, which is taken as 100
- 6Line GraphA graphical presentation that involves a time element. Shows trends, failures, backlogs, and the like.
- 7MeanStatistical term that is focused by: Mean= Sum of all values/# of values
- 8Measure of dispersionNumber that describes how the numbers of a set of data are spread out or dispersed
- 9MedianStatistical term that represents the central point or midpoint of a series of numbers
- 10ModeValue that occurs most often in a series of numbers
- 11Normal DistributionData are spread symmetrically about the mean
- 12Price RelativeThe quotient of the current price divided by some previous year's price -- the base year --multiplied by 100
- 13RangeDifference between the highest and lowest values in a group of values or set of data
- 14Standard DeviationMeasures the spread of data around the mean
- 15Weight MeanUsed to find an average when values appear more than once
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- Business/Economics Flashcards on Chapter 22, created by Trevor Sierks on 06/10/2025.
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- Trevor Sierks
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