Answer the Following Business Statistics Terms Flashcards

Statistics ch apter 1

56 cards   |   Total Attempts: 183
  

Cards In This Set

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StatisticS
1. Collecting data (questionaires, recording numbers, surveys) 2. Describe Date (average - arithmetic mean, graphs, tables, measures of central tendency) 3. Analyze Data - what we will be doing in statistics 4. Interpret Date - How can you use this analyzed data, descisions made from it
Population
Set of all individuals of interest in a particular study. scientific research begins with a general question about a specific group of individuals.
Sample
Set of individuals selected from a population, usually intended to represent the population in a research study.
Valiable
A characteristic or condition that changes or has different values for different individuals. Ex: height, gender, personality
Data (plural)
Are mesurements or observations
Data Set
A collection of measurements or observations
Datum (singular)
Is a single measurement or observation Commonly called: Score or raw score
What is Datum usually called?
Score or raw score (refer to a population or samples of scores)
Parameter
Is a value, usually a numerical value, that describes a population. A parameter may be obtained from a single measurement or it may be derived from a set of measurements from the population. it is a known value. measure of CENTRAL TENDENCY (average) SPREAD of the data for population. BUT not exact - don't have HOLE population
How are Parameters obtained?
A parameter may be obtained from a single measurement or it may be derived from a set of measurements from the population.
StatistiC
A value, usually a numerical value, that describes a sample. A statistic may be obtained from a single measurement, or it may be derived from a set of measurments from the sample.
How is a Statistic obtained?
A statistic may be obtained from a single measurement, or it may be derived from a set of measurments from the sample.
Every population parameter has a corresponding______ ______.
Sample Statistic
Much of the book is concerned with...?
The relationship between sample statistics and the corresponding population parameters.
Descriptive Statistics
Statistical procedures used to summarize, organize, and simplify data. The first 2 steps of statistics - 1. Collecting Date, 2. Describe Data - organize/ summerize