Chapter 3 Flashcards
Five Measures of Location
arithmetic mean
weighted mean
median
mode
geometric mean
Purpose of a Measure of Location
is to pinpoint the center of a distribution of data
Purpose of Dispersion
often called the variation of spread in the data
Discuss the meaning of the variables in population mean….
…….
Discuss the meaning of the variables in the sample mean
……….
A parameter is a characteristic
…..of a population
A statistic is a characteristic
of a sample
Important Properties of Arithmetic Mean
Disadvantage of Mean
How to answer population question?
lowercase mu
How to answer sample question?
X bar
How to answer weighted question?
X sub w
What does everything mean in the weighted equation?
…….
Weighted Mean: What does “w” actually mean?
frequecny counts
The Median:
What is it?
What is not afffected by?
What levels of measure is it used for?