Class Flashcards
Permutation
The number of different ordered possibilities for a certain situation
Variance
A statistical measure of the spread or dispersion of a set of data. Population variance is represented by the symbol σ2, while sample variance is represented by the symbol s2
Inter-quartile range
The difference, in value, between the bottom and top 25 percent of the sample or population
Event
An outcome that occurs
Sampling with replacement
When a piece of the population can be selected more than once
Range
The difference between the minimum and maximum value in a given measurable set
Null hypothesis
The argument that there is no difference between two samples or that a sample has not changed over time
Hypothesis
A proposed explanation used as a starting point for future examination
Significance level
A number that is used as the cutoff for how statistically meaningful a probability, equal to or more extreme than what was observed, is
Trial
An experiment, a test of the performance or qualities of something or someone
Specification limits
The area, on either side of the centerline, or mean, of data plotted on a control chart that meets the customer’s requirements for a product or service. This area may be greater than or less than the area defined by the control limits
Sampling without replacement
When a piece of the population cannot be selected more than once
Scatter diagram
A graphic that uses dots to show relationships or correlations between variables
Control chart
A modified run chart that also provides upper and/or lower limits that a process should not exceed
Standard deviation
The square root of the variance, a measure of how spread out the numbers are