Week 4 Flashcards
Can a median be obtained for nominal variables?
Median cannot be obtained for nomimal variables, it can be obtained only on ordered variables – ordinal, interval, ratio
What types of data can the mode be used for
Can be used for all types of variables – and often used for nominal and ordinal variables e.g. the most frequent answer was ‘extremely satisfied.’
Can there be multiple modes
Yes
What variables can mean be defined in
Ratio and interval
Difference between mean and median
Mean depends on the actual values, whike median is not affected e.g. one extreme outlier can hugley affect mean but not median
How would you go about creating equal sections of data (use coins)
Divide coins into sections containing the same number of data and report where the sections are located
The cut off points dividing these sections are called quantiles
if there were 200 coins - 20 sections of 10 coins each
When there are 4 sections, they are called _____, and the median is the ____
quartiles (1sr-3rd)
2nd quartile
When there are 100 sections, they are ______ (1st-99th) and the median is the ___
percentiles
50th percentile
What is the 2nd moment
(distance from mean)^2 to each data point / number of data points
This is the variance
How hard it would be to spin the coins around the mean (torque)
What does a small variance mean
This is when the data has a small spread
Its concentrated more towards the mean
What is standard deviation
Square root of variance is called the standard deviation (SD)
The standard distance from the mean
What do z scores enable
Fair comparisons of deviations
What does skewness measure
The degree of asymmetry
Skewness and the 3rd moment
3rd moment = (distance from mean)^3 to each data point / no of data points
To make it dimensionless, this is divided by SD^3 ie. Skewness = 3rd moment/ SD^3
What does zero and high skewness mean
Zero skewness means data are symmetrically distributed, high skewness means distribution is highly asymmetrical.