Unit 5 Flashcards
provides a compact way of writing statistical formulas.
summation notation
the mathematical symbol used to denote the sum of numerical values
capital Greek letter sigma, Σ
any single value that is used to identify the “center” or the typical value of a data set. It provides a summary of the data which facilitates comparison of two or more data sets. It is often referred to as the average
measures of central tendency
commonly used measures of central tendency
arithmetic mean, median, and mode
characteristics of a good average
- easily understood
- objective and rigidly defined
- stable
sum of all values of the observations divided by the number of observations
arithmetic mean
a modification of the usual mean that assigns weights (or
measures of relative importance) to the observations to be averaged.
weighted mean
if k finite populations having 𝑁1, 𝑁2, … , 𝑁𝑘, respectively, have means 𝜇1, 𝜇2, … , 𝜇𝑘. Then the combined population mean 𝜇𝑐
combined mean
a α%-trimmed mean can be used to mitigate the effects of outliers. To find the α%-trimmed mean of a data set, order the data, delete the lowest α% and the highest α% of these observations, and find the arithmetic mean of the remaining entries
trimmed mean
the value that divides that array into two equal parts If the number
of observations
median
the observed value that occurs most frequently in a data set
mode