Topic 3: Data Visualization and Measure of Central Tendencies Flashcards
The statistical measure that identifies a single value as representative of an entire distribution.
typical value
A graph or data set organized to show the frequency of occurrence of each possible outcome of a repeatable event observed many times.
frequency distribution
The middle number in a sorted, ascending or descending list of numbers.
median
A type of distribution in which more values are concentrated on the right side of the distribution graph while the left tail of the distribution graph is longer.
negatively skewed
A set of data is the difference between the largest and smallest values
range
The value that appears most frequently in a data set
mode
Excel formula to get the mean of a data set.
=average(data)
The distributions that occur when the long tail is on the right side of the distribution.
positively skewed
The average of the given set of values.
mean
A chart that plots the distribution of a numeric variable’s values as a series of bars.
histogram
Sources of Data - MANUAL
AUDITS
INSPECTIONS
SURVEYS
WARRANTS
INVOICES
CLAIMS
Sources of Data - AUTOMATED
POS System
IoT (Internet of things)
Sensors
EXCEL VISUALIZATION
Pie
column
statistical
hierarchy
X Y scatter plot
Waterfall
combo
Line
Maps
Data Visualization purposes
Comparison; Composition; Relationship; Distribution
is a measure of symmetry
skewness