Data and probability Flashcards
what are the 2 types of data we have
quantitative
qualitiative
what are the 4 scales of data
nominal/categorical
ordinal
ration/interval
continuous/discrete
what is ordinal data
ordered data
can interval data go into negative values
yes
what is continuous data
scale of data that has points within each points
what is discrete data
when the unit of measurement cannot be split up
what are descriptive staistics
allow you to summarise and describe the characteristics of a set of data
what 4 things do descriptive data tell us
whether there is a pattern
whether people provided different/similar scores
whether there are anomalies
whether certain scores have a high frequency that others
what are the 3 measure of central tendency
mean
mode
medium
what are the 4 measure of dispersion
range
variance
standard deviation
interquartile range
what is a low variance
mean is representable of the data as there is more similar scores
what is high variance
mean is less representable of the data
what is standard deviation
the spread of the data around the mean
what scale is probability measured on
0-1
how do we work out probability
no.of ways it can happen/total no.of outcomes
what is the gamblers fallacy
the belief that if something happens more than expected during a given period, it will happen less frequently in the future