Review MT1 Flashcards
Cross-sectional data
Data collected at the same, or approximately the same, point in time
Coefficient of variation
Compares two variables to see which is relatively more dispersed
compare variation between 2 data sets
Standard deviation
Shows dispersion within a single variable
Correlation coefficient
Compares two variables to see whether they move together (i.e. as one increases the other increases, or as one increases the other decreases)
Cumulative relative frequency
Shown in an ogive, this shows how much of the data is at this point or before
Stratified sampling
Split the country into districts, and within each, administer proficiency tests to auto mechanics working on Fords.
Convenience sampling
Talk to 30 people going to the movies in Towson about whether they’d pay more to have a nicer theater nearby.
Cluster sampling
Split the country into zip codes, and from them choose 50 in which to count all fast food restaurants.
Systematic sampling
First choose one post office from the first 1000 listed alphabetically by city, and then every 1000th post office from there on.
variance
[Σ(x - x-bar)2] / (n-1)
standard deviation
SQRT ([Σ(x - x-bar)2] / (n-1) )
z-score
(x -μ) /σ
data something people have no idea about
correlation coefficient
rxy=sxy/(sxsy)
covariance
[Σ(x - x-bar)(y - y-bar)]/(n-1)
Observational studies
Statistical studies in which researchers do not control variables of interest