WGU C207 Data Driven Decision Making Module 2 Graded A+(100% Verified)

Confidence Interval - An interval estimate used to indicate reliability Probability Density Function - Often used to represent probabilities of continuous data; gives the probability that a continuous random variable is equal to the area below it Standard Deviation - The square root of the variance; a measure of how spread out the numbers are Histogram - A graph that displays continuous data. This type of graph has vertical bars that show the counts or numbers in each range of data. Sampling with replacement - When a piece of the population can be selected more than once Percentile - The value at which a certain percentage of the sample or population fall below Median - The value or quantity lying at the midpoint of a frequency distribution Scatter diagram - A graphic that uses dots to show relationships or correlations between variables Multiplication Principle - When the probabilities of multiple events are multiplied together to determine the likelihood of all of those events occurring Range - The difference between the minimum and maximum value in a given measurable set Variance - A statistical measure of the spread or dispersion of a set of dataAlternative Hypothesis - The argument that typically states that the sample is not equal to the hypothesized null sample Event - An outcome that occurs