Interpreting Data Flashcards
Types of quantitative data
Discrete
Continuous
Types of qualitative data
Nominal
Ordinal
What is the difference between nominal and ordinal date
Nominal unordered, ordinal ordered
2 measures of location
Median
Mean
2 measures of spread
Standard deviation
Interquartile range
Standard deviation
quantity expressing by how much the members of a group differ from the mean value for the group
Average squared distance form mean, squared
When should median and interquartile range be used instead of mean and standard deviation
When sample has outliers
What is the term for distribution of many random variables as a symmetrical bell-shaped graph
Gaussian distribution (normal distribution)
How does the number of values within any specified number of standard deviations above or below the mean vary with sample size in a Gaussian distribution
No change
What percentage of values lies within 1.64 standard deviations of the mean in a Gaussian distribution
90%
How many standard deviations above or below the mean do 95% of the values in a Gaussian distribution lie
1.96
Standard error what does standard error measure
Statistical accuracy of an estimate
Standard error of the mean
Standard deviation of the distribution of all possible sample means
What does a 95% confidence interval mean
We are 95% sure the true value lies within a certain range
What is the most commonly used confidence interval
95%