2026 Expert Verified | Ace the Test
Z-Score - 🧠ANSWER ✔✔Data points only. Measurement of a scores
relationship to the mean. A statistical measure that indicates the number of
standard deviations a data point is from its mean.
Variance - 🧠ANSWER ✔✔How far a set of numbers are spread. Used for
Data set. Hint Words = Risk, spread.
Multiplication Rule - 🧠ANSWER ✔✔A method for finding the probability that
both of two events occur. When the probabilities of multiple events are
multiplied together to determine the likelihood of all of the events
happening. Word Hint: And
, Addition Rule - 🧠ANSWER ✔✔A method for finding the probability that
either or both of two events occur. When two events, A and B, are mutually
exclusive, the probability that A or B will occur is the sum of the probability
of each event. Word Hint: Either/or.
Combination Rule - 🧠ANSWER ✔✔How many combinations can be made.
Bayes Theorem - 🧠ANSWER ✔✔Probability of an event , based on
conditions that might be related to the event. Conditional probability. A
formula that calculates conditional probabilities. Important for
understanding how new information affects the probabilities of outcomes.
Word Hint: Given that.
Median - 🧠ANSWER ✔✔Number halfway into the data set. Hint Word:
Typical
Mode - 🧠ANSWER ✔✔Number that occurs most often in a data set.
Mean - 🧠ANSWER ✔✔Average. Add all numbers and divide.
Standard Deviation - 🧠ANSWER ✔✔How spread out the numbers are.
Square root of the variance.