Statistics Flashcards
Sensitivity
Identify True Positive with disease
TP/(TP + FN)
Specificity
TN/(TN +FP)
Biological variable
Age, sex, height, weight, BMI, blood type, temp, disease severity, number of teeth, heart rate
Ordinal variable
Ordered but meaningless difference
Exam grade, likert scale,
Stages of cancer
Education level, elementary, secondary, college
Nominal variable
One category is not better than other:
Gender male, female
Eye color- blue, green
Surgical outcome- live, dead
4 P in marketing
Product
Place
Price
Promotion
Risk reduction
- Absolute Risk
2. Relative Risk
Absolute Risk Reduction (ARR)
Risk in control - Risk in treatment
Relative risk RR
Risk in treatment/ Risk in control
Relative Risk Reduction
1-RR
Number need to be treated NNT
1/ARR
Gross profit margin %
Gross profit = Sales - Cost of Goods
Gross margin = (Gross profit/ Sales)*100
Gross margin = (Sales -Cost of goods)/Sales
Calculate gross profit margin for pharmacy if u purchased goods by 10000 and Sold by 118000
Profit = 11800-10000=1800
Gross profit margin = (1800/118000)*100 = 15%
Type I error
False positive; Reject null hypnosis when it is true
State difference when there is no difference.
Null hypnosis is true BUT you reject Null
Type II error
False Negative; Fail to Reject null hypnosis when it is false
State NO difference when there is difference.
Null hypnosis is False BUT you fail to reject.