Flashcards
Key Terms Chapter 22 Business Statistics
Cards in this deck (14)
- 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 of 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 events occurs
- 5Index Numbersexpress the relative changes in variable compared with some base, which is taken as 100
- 6Line Graphgraphical presentation that involves a time element. shows trends, failures, backlogs, and the like
- 7Meanstatistical term that is found by the sum of all figures divided by the number of figures
- 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 nubmers
- 11Normal Distributiondata are spread symmetrically about the mean
- 12Price Relative Rangethe quotient of the current price divided by some previous years price-the base year-multiplied by 100
- 13Standard Deviationmeasures the spread of data around the mean
- 14Weight Meanused to find an average when values appear more than once
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- Key Terms for Chapter 22: Business Statistics
- Created by
- Kyra Louthan
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