chapter 3: descriptive statistics, numerical methods, and some predictive analytics Flashcards
what is the data set’s central tendency?
represents the center or middle of the data
what is the population mean (μ)?
average of the population measurements
Population parameter
number calculated from all the population measurements
describes some aspect of the population
population mean (μ (mew)) is part of this
Sample statistic
number calculated using the sample measurements
describes some aspect of the sample
to find a point estimate of a population
what is the sample mean
it is X bar
average of the sample
what is the median
The value of the middle point of the ordered measurements
value such that 50% of all measurements lie above (or below) it
what is the mode
The most frequent value
most frequently occurrent measurement in data
what happens to the median if the number of measurements is odd
the median is the middlemost measurement in the ordering (In increasing order)
the most in the. middle
are the values that are observed “most typically”
what happens to the median if the number of measurements is even
the median is the average of the two middlemost measurements in the ordering
so what is the difference between the mean and the median
the mean will find the average
the median will find the most middle point of the measurements (in increasing order)
what does it mean for data to have two modes
the data is bimodal
there is a higher frequency
if there is skewness, should you use the mean or the median
median
If there is skewness, the mean is trash to use
are all measures of central tendency necessarily typical values??
naaaah boyyy
what is a point estimate
one number estimate of the value of the population parameter
should not be a blind guess
what is “n” for the formula of the sample mean?
number of sample measurements
sample size