Chapter 4 Flashcards

1
Q

What is the mode?

A

The value that occurs most often

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2
Q

What is the median?

A

The middle number in a list after the numbers have be put in order

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3
Q

How is the mean worked out?

A

By adding up all the numbers then dividing it by how many numbers there are

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4
Q

When discrete data are given in a frequency table what is the mode?

A

The one with the highest frequency

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5
Q

When information is presented in a table of grouped data, what is the modal class?

A

The class with the largest frequency

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6
Q

What are two ways of estimating the median?

A

Using the mid-point of a cumulative frequency diagram

Using interpolation

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7
Q

What can an estimated mean be found from?

A

A grouped set of data using the formula

The sum of frequency ✖️ mid-point ➗ the sum of the frequency

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8
Q

How is the weighted mean of a set of data given?

A

Using , The sum of w ✖️ X ➗ the sum of w

Where w is the weight given to each X variable

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9
Q

How do you work out the range?

A

Largest value - smallest value

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10
Q

What is the lower quartile?

A

The value such that one quarter (25%) of the values are less than or equal to it

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11
Q

What is the upper quartile?

A

The value such that three quarters (75%) of the values are less than or equal to it

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12
Q

How do you work out the IQR?

A

Upper quartile - lower quartile

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13
Q

A set of data is divided into 10 equal parts to form what?

A

Percentiles

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14
Q

When the set of data is divided into 10 equal parts, what are they called?

A

Deciles

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15
Q

What does a box plot represent?

A

Important features of the data: the maximum and minimum values, the median, and the upper and lower quartile so

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16
Q

In a pox plot, when is it negatively skewed?

A

If the median is closer the the upper quartile than the lower quartile

17
Q

In a box plot, when is it positively skewed?

A

If the medium is closer to the lower quartile than it is to the upper quartile

18
Q

In a box plot, when is it symmetrical?

A

If the median is equidistant from both the upper and lower quartile so

19
Q

In a box plot, what is an outlier?

A

Any value that is more than 1.5 times the IQR below the lower quartile or more than 1.5 times the IQR above the upper quartile

20
Q

What is the variance?

A

A measure or dispersion of spread

21
Q

What is the standard deviation?

A

The square root of the variance

22
Q

What does a full comparison between data sets need?

A

A measure of central tendency (an average)
A measure of dispersion or spread (IQR or range)
Skewness

23
Q

How do you work out standardised scores?

A

Score - mean ➗ standard deviation

24
Q

How do you work out the index number?

A

Current price ➗ base year price X 100

25
Q

How do you work out the chain base index number?

A

Current price ➗ previous years price X 100

26
Q

How do you work out the weighted index number?

A

Current weighted mean price ➗ base year weighted mean price X 100

27
Q

What is an average?

A

A single value used to describe a set of data