Week 1 Flashcards
Data
Morsel of information describing a population
Primary Data
Data you or your organization has collected.
Secondary Data
Data that somebody else has collected and made available for others to use
Parameter
Data that looks at the entire population and describes an interesting attribute.
Statistic
Data that describes something interesting about population.
True Zero Point
Something with a true zero value does not exist when its numerical value is zero. (ex., $0)
Population
Entire group of things being studied or calculated
Sample
A subset of a population, a small group being studied where the results will be attributed to the entire group.
Qualitative Data
Data that uses descriptions.
Quantitative Data
Data that uses numerical values.
Nominal Level of Measurement
Qualitative data. Descriptive data.
Examples:
- Male or Female - Dog Breeds - State Names
Ordinal Level of Measurement
Qualitative Data. Descriptive observations that can be ranked.
Examples:
- 1st, 2nd, and 3rd - Education Level Reached (High School, College, etc.) - Star Rating (*, **, ***, ****)
Interval Level of Measurement
Quantitative data. Ranked but with even distribution between levels. Does not have a true zero.
Examples:
- Temperature - IQ Score - Letter Grades (A, B, C, D, or F)
Ratio Level of Measurement
Quantitative data. Has a true zero point.
Examples:
- Amounts - Length - Height - Distance - Price
Time Series Data
Looks at data for one population over a spread of time (years, months, days, etc.)
Cross-Sectional Data
Data that compares data from several populations during one specific moment in time
Descriptive Statistics
Summarizes data and facts. Does not look to draw conclusions.
Inferential Statistics
Arrives at new conclusions regarding populations. Creates new information.
Class
Category, What each bar represents in a bar graph
Continuous Data
Data points (number, rank, etc.) that continue across a graph without break. (ex., 1-under 5, 5-under 6).
There are no gaps between bars in a histogram when the data is continuous.
Culmulative Percentage Polygon (Ogive)
A line graph charting the cumulative relative frequency distribution of a population
Culmulative Relative Frequency Distribution
Takes frequency distribution chart and calculates accumulating percentages of classes. (ex. 1=0.10, 1&2 = 0.35, 1&2&3= 0.80, 1&2&3&4=1.0)
Discrete Data
Data points are amounts usually. They cannot contain decimals and percentages. In histograms, the bars do not touch.
Frequency Distributions
Data organized into a chart without calculations.
Histogram
A frequency chart in graph form
Percentage Polygon
A histogram drawn as a line graph. Usually compares multiple populations.