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What to describe for a univariate distribution?
context, shape, outliers, center, spread
Interpret standard deviation
the typical distance of a value from the mean (IN CONTEXT)
Interpret z-score
the # of standard deviations a value is above/below the mean (IN CONTEXT)
How to describe bivariate data
context, direction, outliers, form, strength
Interpret y-intercept of LSRL
the PREDICTED value of the response variable when the value of the explanatory variable is 0 (IN CONTEXT)
Interpret slope of LSRL
the PREDICTED change in value of the response variable when the value of the explanatory variable increases by one (IN CONTEXT)
Residual formula
y-y (actual minus predicted)
Interpret r2
the proportion of variation in y that can be explained by the regression model of y on x (IN CONTEXT)
Interpret s (standard deviation of residuals)
the typical distance between the actual y-values and the predicted y-values (IN CONTEXT)
What is an SRS?
Simple Random Sample - Gives every possible sample of the desired size (n) an equal chance to be chosen
What are the four principles of a well-designed experiment?
Comparison, Random Assignment, Replication, Control