1.3 Measure Of Center Flashcards
Define the following:
1.) Summation Notation
2.) Mean
3.) Population mean
4.) Sample mean
Define Median and how to find it
~ the value of the middle term in a data set that has been ranked in increasing order.
1.) if n or N is odd, then the median is the middle term
2.) if n or N is even, then the median is the average of the two middle terms
Define Mode
the value that occurs the most frequently
Define Range
It is the difference between the maximum value and minimum value.
Define Interquartile Range(IQR) and how to find it.
How do we find outliers using the IQR?
What is a Box-and-whisker plot?(boxplot)
What is variance and standard deviation and how to find it?
variance in statistics refers to how much the values in a dataset differ from the average or the expected value. It measures the spread or variability of the data points.
Standard deviation is like a ruler that tells us how spread out or clustered the values in a dataset are. It gives us a sense of how much the individual data points differ from the average or expected value.