Business Statistics

Description

Bus 214 Peru State
Kelli Kramer
Mind Map by Kelli Kramer, updated more than 1 year ago
Kelli Kramer
Created by Kelli Kramer over 3 years ago
4
0

Resource summary

Business Statistics
  1. Mean: arithmetic average
    1. Mean= sum of all values / number of values
      1. Weighted Mean = Sum of products / Sum of Frequencies
      2. Median: Center of Data
        1. Even number of values: sum of middle values divided by 2
        2. Mode: Value that occurs most frequently
          1. Range= Highest Value-lowest value
            1. Standard Deviation
                1. Empirical Rule / Three Sigma Rule: Normal distribution will be a bell curve
                  Show full summary Hide full summary

                  Similar

                  ECO 351 - Business Statistics II - Problem Set 2
                  LemonKing
                  MODE, MEDIAN, MEAN, AND RANGE
                  Elliot O'Leary
                  GCSE Maths Notes: Averages
                  Andrea Leyden
                  FREQUENCY TABLES: MODE, MEDIAN AND MEAN
                  Elliot O'Leary
                  Basic Summary Statistics words
                  Lilian PS Tan
                  Variation
                  emilyorr97
                  Mean, Median, and Mode Quiz
                  Oliver Balay
                  Mean, Median, and Mode Quiz
                  Louise Sheppard
                  Mean, Median, and Mode Quiz
                  Lenna Nolan
                  Mean, Median, Mode, and Range
                  Oliver Balay
                  ECO 351 - Business Statistics II - SAS Terminology
                  LemonKing