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Flashcards

Statistical terms

Jenna Ward QM161 Statistics English 15 cards

Cards in this deck (15)

  1. 1meanthe average.
    add all numbers together and divide by number of inputs
  2. 2medianthe middle.
    order numbers highest to lowest and find exact middle. if even number of inputs, add middle 2 numbers together and divide by 2
  3. 3modemost often occurring number
  4. 4sample variance (S^2)average of squared differences from the mean.
    add all numbers and square, divide by #
    square all numbers and add
    subtract #1 from #2
    divide this number by number of inputs -1
  5. 5descriptive statisticscollecting and describing data
  6. 6inferential statisticsdrawing conclusions concerning a population based only on sample data:
    estimations and hypothesis testing
  7. 7populationthe collection of things under consideration
  8. 8samplea portion of the population selected for analysis
  9. 9parametersummary measure computed to describe a characteristic of the population - mean
  10. 10statisticsummary measure computed to describe a characteristic of the sample
  11. 11variablea characteristic of an item or individual
  12. 12datathe information gathered about the sample or population. different values are associated with the variable
  13. 13Data Source: Primarydata collection - observation; survey; experimentation
  14. 14Data Source: Secondarydata compilation - print or electronic.
  15. 15—

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QM161 Statistics Flashcards on Statistical terms, created by Jenna Ward on 30/10/2020.
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Jenna Ward
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