U3L6 Flashcards
mean
Mean - most commonly known as the average.
mode
Mode - the most frequently occurring value in a data set. There can be multiple modes if there are more than one value which occurs most often and some data sets don’t even have amode.
median
Median - the middle number in an ordered list. How to find it - arrange data in ascending order and shave off numbers until the middle is found.
moving average
Moving average
An average of a number of consecutive points from time series data
Used when data shows great fluctuation
A moving average takes the average of the previous n values
weighted mean
Weighted mean
Normally used when calculating marks from classes with differently weighted “bins”.
grouped data
Grouped data
Used when a given bar/histogram but we need to find midpoints or averages
frequency
Frequency = f and Midpoint is the middle of the interval