Chapter 2 Key Terms Flashcards
Statistics
The collection and classification of data that are in the form of numbers
Mean
Average of given values
Distribution
Relative arrangement of the members of a statistical population.
Probability
The chance that something will happen
Sample
a group of individuals or events selected to represent your population
Risk
Probability of unwanted outcome
Model
Representations of objects
Conceptual Model
A verbal or graphical explanation of how a system works or is organized
Mathematical Model
One or more equations that represent how a system or process works
Values
Principles or standards that we consider important
Decision Making Models
Conceptual model that provides a systematic process for making decisions
Observation
A piece of information you gather using your senses
Hypothesis
Testable idea or explanation that leads to a scientific investigation
Prediction
A logical statement about what will happen if the hypothesis is supported
Experiment
A procedure designed to test a hypothesis under control conditions