2. Summarising and analysing data - 1 Flashcards

1
Q

ACCURATE

A
Accurate
Complete
Cost Effective
Understandable
Relevant
Accessible
Timely
Easy to use
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2
Q

Grouped distributions

A

putting a tally system into a range or class

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3
Q

work out angles on a pie chart

A

work out each segment as a % of the total

take % and x 3.6 to give you angles of pie chart

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4
Q

Multiple bar chart

A

shows two or more different sets of data against each other

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5
Q

Compound bar chart

A

Shows each set of data in the same bar

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6
Q

Histogram

A

Frequency is measured by the area of a block or rectangle in a bar chart

x axis is the variable being measured (horizontal)
y axis if the corresponding frequency (vertical)

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7
Q

Ogive

A

a graph of cumulative distribution, which shows data values on the horizontal axis and either the cumulative frequencies, the cumulative relative frequencies or cumulative percent frequencies on the vertical axis.

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8
Q

Discrete data

A

only certain values i.e. shoe size

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9
Q

Continuous data

A

any value i.e. foot size

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10
Q

Unequal class size

A

area of each block must reflect the frequency
how to work out the height
frequency x (standard width / actual width)

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11
Q

Standard width

A

most common width

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12
Q

Pareto 80-20 rule

A

Small proportion of population own the large portion of the overall wealth

Using this rule helps us to identify out biggest customers

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13
Q

Frequency polygon

A

A frequency polygon gives the idea about the shape of the data distribution.
The two end points of a frequency polygon always lie on the x-axis.

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