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Quant. Exam
N/A
37
Mathematics
Undergraduate 3
10/23/2012

Additional Mathematics Flashcards

 


 

Cards

Term
Statistics
Definition
the science of collecting, classifying, summarizing, organizing and interpreting data
Term
Experimental Unit
Definition
the object upon which we
collect data. It is the source of
each “observation”.
 
In our water research, it is a
bit of water taken from a
segment of the brook at a
particular time.
Term
Variable
Definition

a characteristic of the

experimental unit that is
measured from one
observation to the next.

In our water research, it could be concentration of nitrate

Term
Population
Definition
a collection of data on all experimental units. The population is all possible observations.
Term
Sample
Definition
a subset of the population
Term
Descriptive statistics
Definition
summarize the sample data
Term
Inferential statistics
Definition

use the sample data to say something about the population

give a measure of reliability (i.e. precision, confidence) about the population parameters

Term
Sampling Frame
Definition
a list of all units in the population.
Term
Simple Random Sample
Definition
every unit in the population has the same probability of being selected for the sample and the probabilities are independent
Term
Stratified Random Sampling
Definition
the population units are partitioned into strata, then simple random sampling is carried out in each stratum
Term
Clustered Sampling
Definition
units are selected according to clusters
Term
Systematic Sampling
Definition
every Kth element is selected
Term
Sampling “Bias”
Definition

exists when some subset of the population has uneven and unaccounted for probability of selection

Non-response in surveys can be a type of bias

Term
“Measurement error”
Definition

is the difference between the actual value of the variable and the recorded value of the variable. Measurement error can be a type of bias.

A faulty thermometer can produce measurement error

Term
“Sampling error
Definition

refers to the natural variation in any simple random sample.

Not mistake.

 

1.Bias + Sampling Error = the difference between reality and your observations = TOTAL ERROR

Term
Central Tendency
Definition

 

Mean is the average

 

Median is the middle
observation of ordered data

 

Definition is slightly different for
Odd n versus Even n

 

Mode is the value that occurs with the greatest frequency

Term
Variation
Definition
Range = Maximum minus
Minimum
 
Variance
 
Standard Deviation is square root of variance
 
When the distribution is bell shaped:
about 70% of observations are within one standard deviation of the mean
about 95% of observations are within two standard deviations of the mean
Inter-quartile range = 3rd Quartile minus 1st Quartile
Term
Pth Percentile
Definition

the value at which P% of the observations fall on or below and (100-P)% of the observations fall above

 

Max is 100th percentile

 

Third quartile is 75th percentile

 

mid-quartile is 50th percentile, which is the median

 

 

First quartile is 25th percentile

 

 

Min is 0th percentile

Term
Z-score
Definition
Z-score = ( Xi – Xbar ) / s, where s is the standard deviation
Term
Outliers
Definition
Candidates for outliers have z-scores less than –3 or greater than +3
Term
Skewness
Definition

If the distribution is symmetric, then it is not skewed

If the tail of the distribution extends to the right, then the distribution is skewed right, i.e. skewed in the positive direction

If the tail of the distribution extends to the left, then the distribution is skewed left, i.e. skewed in the negative direction

Term
Notation for population parameters and sample statistics on page 179
Definition
Mean
Mu is parameter, Xbar is statistic
Variance
sigma2 is parameter, s2 is statistic
Standard Deviation
sigma is parameter, s is statistic
Z-score
z is parameter, z is statistic
Correlation coefficient
rho is parameter, r is statistic
Term
Range
Definition
Maximum minus Minimum
Term
Frequentist view of probability
Definition
Probability is the number of times that an event happens divided by the number of trials
Term
Bayesian view of probability
Definition
Probability is a person’s subjective judgment concerning the likelihood of an event, based on the information that the person has
Term

Experiment

Definition
is the process of making
observation(s) on unit(s)
 
Selecting a card from a deck
Flipping a thumbtack
Observing the cloudiness of the sky
Term
Event
Definition
the outcome of an experiment
 
The card is red
The thumbtack lands point up
Sky is Clear
Term
Definition

the collection of all possible events

 

 

Red Card or Black Card

 

The thumbtack lands in the point up or point down position

 

Sky can be: Clear, Few Clouds, Many Clouds, Other

Term
Definitions illustrated by Venn diagrams
Definition
Experiment, Event, Sample Space, Probability, Mutually exclusive events, Complement of an event, Conditional probability of A given B, Independent, Intersection, Union
Term
The Probability of an event A
Definition
denoted P(A) is a real number between 0 and 1 that indicates the likelihood that event A will occur when the experiment is performed.
Term
The Complement of an event A
Definition
denoted A´, is the event that A does not occur.
Term
The Intersection of A and B
Definition
the event that both A and B occur.
Term
The Union of A and B
Definition

the event that A or B occur

 

1.P(A or B) = P(A) + P(B) – P(A and B)

Term
A and B are mutually exclusive events
Definition
means P(A B) = 0
Term
The probability of A given B
Definition
denoted P(A|B), is P(A ∩ B)/P(B)
Term
A is Independent of B
Definition

means P(A) = P(A|B) = P(A ∩ B)/P(B)

 

Which implies that A and B are independent if and only if P(A ∩ B) = P(A) * P(B)

 

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