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Bus/Stats
Chapter 1
35
Business
Undergraduate 2
05/29/2009

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Term
Descriptive Statistics
Definition
consists of methods for organizing and summarizing information
Term
Population
Definition
The collection of all individuals or items under consideration in a statist ical study
Term
Sample
Definition
That part of the population from which information is obtained
Term
Inferential Statistics
Definition
consists of methods for drawing and measuring the reliability of conclusions about a population based on information obtained for a sample of the population
Term
census
Definition
obtain information on the entire population of interest
Term
two methods used in finding a census
Definition
sampling and experimentation
Term
Representative sample
Definition
should reflect as closely as possible the relevant characteristics of the population under consideration
Term
Probability Sampling
Definition
a random device, such as tossing a coin or consulting a table of random numbers, is used to decide which members of the population will constitute the sample instead of leaving such decision to human judgement
Term
Simple Random Sampling
Definition
A sampling procedure for which each possible sample of a given size is equally likely to be the one obtained
Term
Simple Random Sample
Definition
A sample obtained by simple random sampling
Term
sampling with or without replacement
Definition
assume that random sampling is done without replacement
Term
Table of Random Numbers
Definition
A table of randomly chosen digits
Term
Systematic Random Sampling
Definition
1) Divide the population size by the sample size and round the result down to the nearest whole number, m.
2) Use a random-number table (or a similar device) to obtain a number, k, between 1 and m.
3) Select for the sample those member of the population that are numbered k, k + m, k + 2m,...
2) Use a random
Term
cluster sampling
Definition
another sampling method
Term
Cluster Sampling
Definition
1) Divide the population into groups (clusters)
2) Obtain a simple random sample of the clusters
3) Use all members of the clusters obtained in step 2
Term
Stratified Sampling
Definition
more reliable than cluster.
Population is first divided into subpopulations, called strata, and then sampling is done from each stratum
Term
Proportional Allocation
Definition
In stratified sampling, the strata are often sampled in proportion to their size.
Term
Stratified Random Sampling With Proportional Allocation
Definition
The simplest type of stratified sampling
1) Divide the population into subpopulations (strata)
2) From each stratum, obtain a simple random sample of size proportional to the size of the stratum; that is, the sample size for a stratum equals the total sample size times the stratum size divided by the population size.
3) Use all numbers obtained in Step 2 as the sample
Term
Observational Study
Definition
Researchers simply observe characteristics and take measures, as in a sample survey
Term
Designed Experiment
Definition
Researchers impose treatments and controlsand then observe characteristics and take measurements.
Term
Designed Experiment
Definition
Researchers impose treatments and controlsand then observe characteristics and take measurements.
Term
Difference between observation study and designed experiments
Definition
Observational studies can reveal only association, whereas designed experiments can help establish causion
Term
Principles of Experimental Design
Definition
Control, Randomization, and Replication
Term
Control
Definition
Some method should be used to control for effects due to factors other than the ones of primary interest
Term
Randomization
Definition
Subjects should be randomly divided into groups to avoid unintentional selection bias in consulting the groups, that is, to make the groups as similar as possible
Term
Replication
Definition
A sufficient number of subjects should be used to ensure that randomization creates groups that resemble each other closely and to increase the chances of decting differences among the treatments when such differences actually exist.
Term
treatment group
Definition
The group receiving the treatment
Term
Control group
Definition
group receiving the placebo
Term
Experimental Units; Subjects
Definition
In a designed experiment, the individuals or items on which the experiment is performed are called experimental units. When the experimental units are human, the term subject is often used in place of experimental unit.
Term
Response Variable
Definition
The characteristic of the experimental outcome that is to be measured or observed
Term
Factor
Definition
A variable whose effect on the response variable is of interest in the experiment
Term
levels
Definition
the possible values of a factor
Term
Treatment
Definition
Each experimental condition. For one-factor experiments, the treatments are the levels of the single factor. For multifactor experiments, each treatment is a combination of levels of the factors
Term
Completely Randomized Design
Definition
In a completely randomized design, alln the experimental units are assigned randomly among all the treatments.
Term
Randomized Block Design
Definition
In a randomized block design, the experimental units are assigned randomly among all the treatments separately with in each block
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