Modules 14, 15 And 16 Flashcards
Both sets of data increases together
Positive association
Describes how sets of data are related.
Association
As one data set increases, the other decreases
Negative association
A set of closely grouped data
Cluster
A data point that is very different from the rest of the data in a set.
Outlier
A straight line that comes closet to the points on a scatter plot.
Trend line
A graph with points plotted to show the relationship between two sets of data
Scatter plot
The mean distance between each data Value and the mean of the data set
Mean absolute deviation
The sum of a set of data divided by the number of items in the data set.
Mean
The amount of money charged for borrowing or using money
Interest
A fixed percent of the principle
Simple interest
Interest earned or paid on principle and previously earned or paid interest
Compound interest