Analytics Exam 3 Vocab

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8 Terms

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Diagnostic Analytics

Analyze data to figure out why something is true

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Mean

Another name for the “average” of something

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Median

When data values are sorted from smallest to largest, this is the middle number

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Range

The difference between the largest and smallest numbers

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Standard Deviation

How much the data values tend to vary from the average

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Low Standard Deviation

You don’t vary too much from the average number of items

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High Standard Deviation

You don’t get close to the average number of items very often

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Share of Total (mix)

The portion of the total made up by an individual part