Chapter 3 Flashcards
descriptive statistics
methods that summarize the characteristics of data
inferential statistics
use sample statistics to make generalizations about a population
rounding rule
round to one extra decimal place that is present in the original data set
measure of center
represents the center/middle of the data
mean
add all data values and divide by amount of data values
x̅
mean found using sample data
μ
mean found using population data
median
middle value of the data set
x~
median symbol
mode
data value with the highest frequency
midrange
(max value + min value) / 2
range
max value - min value
standard deviation
determines how much the data values deviate from the mean of the data set (x-x̅ )
variance
standard deviation^2
s
standard deviance found using sample data