Chp2 Stats Flashcards
What is a random variable
It is a variable whose possible values are drawn from the outcome of a random phenomenonR
Random variable examples
Tossing a coin, Tossing a die
Two types of R.V.
Discrete, Continuous
What do we assume about the observed data
It is a random sample where each sample is drawn from X where each xi is independently and identically distributed.
Discrete
Takes on a countable number of possible values
Continuous
Takes on an infinite number of possible values within a given range
Probability Mass Function
For discrete variables,
Probability Density Function
For continuous variables,
Kernel density estimation
A statistical technique that smooths out data points
Measures of central tendency
Mean
Median
Mode
Mean
Average of all data points
Robustness
The tendency to not be affected by extreme values
Is the mean robust?
No
How to obtain a robust mean
Trimmed mean, which occurs after extreme values on either side are discarded
Median
The middle value when the data points are arranged in order
Is the median robust?
Yes
Mode
The most frequent occurring value in the dataset
Is mode a useful measure of central tendency?
May not be
When is robustness important?
When your data might contain anomalies or extreme values that could distort the overall analysis
Measures of dispersion
Variance
Standard Deviation