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Statistics: Descriptive and Inferential Methods and Distributions, Quizzes of Business Statistics

Definitions for key terms related to descriptive and inferential statistics, including methods for collecting, summarizing, and analyzing data, statistical measures for samples and populations, discrete and continuous data, frequency distributions, and skewness. It also introduces the concept of outliers and probability density functions.

Typology: Quizzes

2011/2012

Uploaded on 09/13/2012

ambertootie2
ambertootie2 🇺🇸

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Download Statistics: Descriptive and Inferential Methods and Distributions and more Quizzes Business Statistics in PDF only on Docsity! TERM 1 descriptive statistics DEFINITION 1 methods involving in the collecting, summarizing,presenting, and analyzing a set of data in a order to describe the various features of that data set.Ex. pie charts, histograms, means, median, mode TERM 2 Inferential Statistics DEFINITION 2 methods that use data from a smaller group (sample) to make conclusions about the larger group TERM 3 statistic DEFINITION 3 a summary measure that describes a characteristic of a sample TERM 4 parameter DEFINITION 4 summary measure that describes a characteristics of an entire population TERM 5 discrete DEFINITION 5 whole numberscredit hours TERM 6 continuos DEFINITION 6 numbers with decimalsinches of rainage TERM 7 frequency distribution DEFINITION 7 prefer to arrange data into categories or class groups so that interpretation is more manageable TERM 8 right skewed DEFINITION 8 mean > medianpulled to the right+.99 TERM 9 left skewed DEFINITION 9 mean < medianpulled to the leftbelow 0 all negative numbers TERM 10 empirical rule DEFINITION 10 app. 68% is within 1 standard deviation95% within 298% within 3