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Probability and Statistics Final Exam study guide (containing 50 terms)

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Probability and Statistics Final Exam study guide (containing 50 terms) Probability and Statistics Final Exam study guide (containing 50 terms) Probability and Statistics Final Exam study guide (containing 50 terms)

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Probability and Statistics Final Exam
study guide (containing 50 terms)
Data –
-Are collections of observations

Statistics –
-Is the science of planning studies and experiments, obtaining data, and then
organizing, summarizing, presenting, analyzing, interpreting, and drawing
conclusions based on the data.

Census –
-Is the collection of data from every member of the population.

Sample –
-Is the complete collection of all individuals to be studied.

Context –
-Affects the statistical analysis that should be used.

Source Data –
-Consider the source and whether that source is likely to be objective or there is
incentive to be biased.

Sampling Method –
-Is it representable from the entire population.

Voluntarily response sample –
-The respondents themselves decide whether to be included.

Conclusions –
-Carefully avoid making statements not justified by the statistical analysis.
Correlation and Cause

, Probability and Statistics Final Exam
study guide (containing 50 terms)
Practical Implications –
-Identify any practical implications of the results. It is possible that the data have.
Practical significance.

Parameter –
-Is a numerical measurement describing some characteristic of a population.

Statistic –
-Is a numerical measurement describing some characteristics of a sample

Quantitative –
-Numbers representing counts or measurements

Qualitative/ Categorical –
-Consist of names or labels that are not numbers representing counts or
measurements

Discrete Data –
-Result when the number of possible values is either a finite number or a
countable number.

Continuous Data –
-Result from infinitely many possible value that correspond to some continuous
scale.

Types of Sample –
-Observational Study
Simple Random Sample
Random Sample
Experiment

Observational Study –
-We observe, but we do not attempt to modify the subjects being studied.

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