Class 3 Spring π· Flashcards
What are the three measures of Central Tendency?
Mean, median, mode
What are the measures of Dispersion?
Range, IQR, variance, standard deviation
What type of data is the mode primarily used for?
Categorical data
What is the definition of βmodeβ?
The value with the most occurrences in the data set
What is the formula to calculate the range?
Highest number - Lowest number
What is variance represented by?
sΒ²
What is the relationship between variance and standard deviation?
Standard deviation is the square root of variance
What does the Interquartile Range (IQR) measure?
Dispersion related to the median
How is the median represented in a Box-and-Whisker plot?
A dark line denoting the median
What percent of data falls between Q1 and the median in a Box-and-Whisker plot?
50%
What is a characteristic of a right (positive) skewed distribution?
Tail on the right side
Fill in the blank: The _______ is the average squared distance from the mean.
Variance
What is the typical distribution of data within one standard deviation of the mean?
About 70%
What type of data is IQR used with?
Numerical data
What does a Box-and-Whisker plotβs whiskers represent?
Data outside of the box attempting to capture the spread
True or False: Outliers are defined by hard-and-fast rules.
False
What is the purpose of identifying outliers in data?
Useful for various reasons in statistics
What are the shapes/modalities that a distribution can have?
Uniform, unimodal, bimodal, multimodal
What does skewness describe in a dataset?
Asymmetry of the distribution
Common examples of right skewed data include _______.
Peopleβs incomes, house prices, number of accident claims
What is the measure of centrality that is primarily used for numerical data?
Mean and median
What is the main question to answer when describing a dataset regarding central tendency?
Where is the βmiddleβ of the dataset?
What is the primary measure of dispersion for categorical data?
Range
What does the term βdeviationβ refer to in statistics?
Distance from the mean