Data Measurement Tools Flashcards
Also known as the 50th percentile, is the middle value in a range of values.
Median
The most frequently occurring value in a set of data.
Mode
The average score or value.
Mean
Also known as raw average, is the sum of all the values in the sample divided by the number of values.
Unweighted mean
Also known as the weighted average, is used when some data in the dataset have more significance or effect than other data.
Weighted mean
Used to sort data into groups according to some factor, such as years of employment. This allows analysts to understand the distribution of the data they are working with - whether the data is focused in a normal pattern around a central value or is more broadly or narrowly dispersed over the data range.
Frequency Distributions
Divide a data set into quarters
Quartile
Indicates the proportion of the dataset at a certain percentage.
Percentile
Represents the distance of any data point from the center of a distribution when data is distributed in a “normal” or expected pattern.
Standard deviation