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Statistics 1
Stats 120 Terms
38
Mathematics
Undergraduate 1
04/01/2011

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Term
Statistics
Definition
a group of methods used to collect, analyze, present, and interpret data and to make decisions
Term
Descriptive Statistics
Definition

consists of methods for organizing, displaying, and describing data by using table, graphs, and summary measures

 

Term
Inferential Statistics
Definition
Consists of methods that use sample results to help make decisions or predictions about a population
Term
Population
Definition
Consists of all elements- individuals, items, or objects, whose characteristics are being studied.
Term
Target Population
Definition
The population being studied
Term
Sample
Definition
a portion of the population selected for study
Term
Census
Definition

A survey that includes every member of a population

 

Term
Sample Survey
Definition
the technique of collecting information from a portion of the population
Term
Element or Member
Definition
a specific subject or object about which the info is collected
Term
Variable
Definition
a characteristic under study that assumes different values for different elements
Term
Constant
Definition
never varies
Term
Observation or Measurement
Definition
the value of a variable for an element
Term
Data Set
Definition
a collection of observations on one or more variable
Term
Quantitative Variable
Definition
can be measured numericaly
Term
Discrete Variable
Definition
a variable whose values are countable
Term
Continuous Variable
Definition
A variable that can assume any numerical value over a certain interval or intervals
Term
Qualitative or Categorial Variable
Definition
a variable that cannot assume a numerical value, but can be classified into two or more non-numeric categories
Term
Raw Data
Definition
data recorded in the sequence in which they are collected and before they are processed
Term
Relative Frequency
Definition

the frequency of a class or category divided by the sum of frequencies

Number in Category

Total number

Term
Histogram
Definition
A graph in which the classes are marked on the horizontal axis and frequencies, relative frequencies, or percentages are marked on the vertical axis. Bars drawn adjacent to eachother
Term
Median
Definition
The value of the middle term in a data set
Term
Parameters
Definition
numerical measures from the population
Term
Mean
Definition
a measure of the central tendency calculated by dividing the sum of all values by the number of values in the data set
Term
Standard Deviation
Definition
a measure of spread that is given by the positive square root of the variance
Term
variance
Definition
a measure of spread
Term
IQR
Definition

the difference between the third and the first quartiles

 

Q3-Q1=IQR

Term
Empirical Rule
Definition
68%, 95%, 99.7%
Term
Percentile Rank
Definition
gives the percentage of values in the data set that are smaller than this value
Term
Range
Definition
The difference between the largest and smallest value
Term
Quartiles
Definition
The summary measures that divide a ranked data set into four equal parts
Term
Outlier
Definition

Q1-1.5(IQR)

Q3+1.5(IQR)

Term
Simple Event
Definition
an event composed of one and only one of the final outcomes of an experiment
Term
Compound Event
Definition
a collection of more than the outcome of an experiment
Term
Probability
Definition
A numerical measure of the likelihood that a specific event will happen. 
Term
Classical Approach
Definition
the method of assigning probabilities to outcomes or events of an experiment with equally likely outcomes
Term
Experimental Approach
Definition
a process with well-defined outcomes that, when performed, result in one and only ones of the outcomes per repetition
Term
Subjective
Definition
the probability assigned to an event based on the information and judgement of a person
Term
Law of Large Numbers
Definition
if an experiment is repeated again and again
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