C784 Statistics FULL COURSE REVIEW
Lurking Variable - correct answer Associated with the
explanatory and the response variables that is not directly being studied.
Simpson's Paradox - correct answer Occurs when a
trend or result that appears in groups of data disappears when we combine the
data.
Regression Analysis - correct answer A process for
estimating and analyzing the relationship between variables.
Least-Squares Regression Line - correct answer AKA
the line of best fit.
y = mx + b
"rise over run"
Interpolation - correct answer Using existing data
along with the Least-Squares Regression Line to make a prediction.
Extrapolation - correct answer Estimation by
projecting OUTSIDE known data points.
p-value - correct answer the probability that a result
occurred by chance
Significance Levels in Hypothesis Testing - correct answer
Statistically Significant: If a measured p-value is less than the significance level.
NOT Statistically Significant: If a measured p-value is MORE than the significance
level.
