Module 2 - Descriptive Statistics Flashcards

1
Q

What 3 popular measures are used to workout the central location or average?

A
  1. The mean
  2. The median
  3. The mode
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2
Q

Define mean?

A

The average

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3
Q

Define median?

A

The middle value of a set of observations when they are arranged in order of magnitude

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4
Q

Define mode?

A

The most frequently occurring value in a set of data

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5
Q

What 4 measures are used to workout the dispersion or variability?

A
  1. Range
  2. Variance
  3. Standard deviation
  4. Coefficient of variation
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6
Q

Define range?

A

The difference between largest and smallest observations

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7
Q

Define variance?

A

A measure of variability of a numerical data set

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8
Q

Define standard deviation?

A

Square root of the variance

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9
Q

Define coefficient of variation?

A

Standard deviation divided by the mean

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10
Q

Describe Chebyshev’s theorem?

A

describes how the mean and the standard deviation of a set of observations can be combined to determine the minimum proportion of observations that lie within various intervals centred at the mean

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11
Q

Describe the empirical rule?

A

When the distribution is bell shaped, the percentage of observations that fall within 1, 2 and 3 standard deviations (SDs) from the mean are 68%, 95% and 99.7%, respectively

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