DATA ANALYSIS AND ANALYTICS | 2026 UPDATED |
100% CORRECT.
1. Theoretical Probability: the distribution of events can be inferred without collecting data
2. Empirical probability: the probability that each event will occur must be estimated from collecting
data
3. Probability: provides a numerical measure of uncertainty by giving a precise measurement of the
likelihood
that an event will occur
4. Descriptive statistics: numerical data used to measure and describe characteristics of groups.
5. Inferential statistics: numerical data that allow one to infer from sample data the probability of
something
being true of a population
6. Mean: The average of a set of numbers
7. Median: the middle score in a distribution; half the scores are above it and half are below it
8. Mode: The value that occurs most frequently in a given data set.
9. Range: the difference between the highest and lowest scores in a distribution
10. Variance: (n.) - a difference between what is expected and what actually occurs
1/3