Statistics and Probability

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63 Terms

1

Sample Space

A collection of all possible outcomes of a random experiment.

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2

Sample Size

The number of observations or individuals in a sample selected from a larger population.

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3

Discrete Random Variables

A random variable that has either a finite or countable number of values.

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4

Continuous Random Variables

A variable that has infinitely many values.

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5

Sampling Methods

Different techniques used to select samples from a population, including simple, convenience, systematic, quota, and stratified sampling.

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6

Grouped Frequency Distributions

Data grouped into intervals or classes instead of listing each individual data point.

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7

Cumulative Frequency

The running total of frequencies in a frequency distribution.

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8

Cumulative Frequency Curve

A graphical representation of cumulative frequencies.

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9

Correlation

Measures the relationship between two variables and the strength and direction of their association.

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10

Regression

Helps in understanding and modeling the relationship between a dependent variable and one or more independent variables.

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11

Probability Basics

Fundamental rules and concepts in probability theory, including the addition rule, multiplication rule, and complement rule.

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12

Discrete Random Variables (DRVs)

Random variables assigned a probability in random experiments with a finite or countable number of values.

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13

Binomial Distribution

Applies to events that can be described as a "success" or "failure" with a fixed number of trials and a constant probability of success.

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14

Normal Distribution

A bell-shaped probability distribution characterized by its mean and standard deviation.

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15

X on Y Regression

Another way of describing a linear regression.

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16

Conditional Independence

The independence of two random variables given the value of a third random variable.

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17

Normal Standardization

The process of standardizing data to have a mean of 0 and a standard deviation of 1.

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18

Bayes' Theorem

Describes how to update the probability of a hypothesis based on new evidence.

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19

Continuous Random Variables (CRVs)

Random variables that can take on any value within a certain range or interval.

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20

Statistics

A branch of mathematics that involves analyzing and interpreting data.

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21

Mean

The average of a population, calculated by summing all values and dividing by the number of values.

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22

Median

The middle value in a dataset when arranged in ascending or descending order.

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23

Mode

The value that occurs most frequently in a dataset.

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24

Range

The difference between the highest and lowest data values.

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25

Probability

The likelihood of an event occurring, often measured numerically.

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26

Random Experiment

An experiment in which the outcome cannot be determined beforehand.

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27

Trial

An action in a random experiment.

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28

Outcome

A possible result of a trial.

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29

Event

A set of possible outcomes.

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30

Multiplication Rule

Used to calculate the probability of both event A and event B occurring.

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31

Frequency Distributions

A list of each category and the number of occurrences for each category of data.

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32

Standard Deviation

Measures the deviation between scores and the mean, representing the average of differences between values and the mean.

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33

Continuous Random Variables

A variable that has infinitely many values and can be plotted on a line in an uninterrupted fashion.

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34

Binomial Distribution

A probability distribution that describes the number of successes in a fixed number of independent Bernoulli trials.

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35

Chi-Square

A statistical test that determines whether a set of observed values matches those expected under the applicable model.

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36

Goodness of Fit

A statistical test that determines whether a set of observed values matches those expected under the applicable model.

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37

Cumulative Frequency Distribution

A graph that displays the aggregate frequency of a category or the total number of observations that are less than or equal to the categories.

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38

Cumulative Relative Frequency Distribution

A graph that displays the proportion or percentage of observations that are less than or equal to the categories of the discrete data.

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39

Hypothesis Testing

An assumption about a population parameter that may or may not be true and is tested using sample data.

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40

Alternative Hypothesis (H0)

The belief that a new drug has a different effect on average compared to a current drug or that the new drug is better on average than the current drug.

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41

Null Hypothesis (H1)

The belief that there is no significant difference between two variables or that the population parameter is greater than or equal to a specific value.

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42

Logic of Hypothesis

The process of either rejecting or failing to reject a hypothesis based on the evidence.

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43

Left Tailed Test

A hypothesis test where the population mean is less than a specific value.

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44

Right Tailed Test

A hypothesis test where the population mean is greater than a specific value.

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45

One-Tailed Test

A hypothesis test that is either left or right-tailed.

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46

Two-Tailed Test

A hypothesis test that has two critical values and can either reject or fail to reject the null hypothesis.

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47

T-test

A statistical test used to determine if there is a significant difference between the means of two groups.

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48

Z-Score

A measure of how many standard deviations an observation or data point is from the mean.

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49

R-Value

A statistical measure of the strength and direction of the linear relationship between two variables.

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50

Outlier

A data point whose value is significantly greater than or less than the other values.

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51

Cluster

An isolated group of points in a graph.

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52

Gap

A large space between data points in a graph.

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53

Histograms

A graph that uses rectangles to represent the frequency or relative frequency of each class.

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54

Stem and Leaf Plots

A graphical representation of quantitative data where the stem represents the leftmost digits and the leaf represents the rightmost digit.

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55

Box and Whisker Plots

A graph that shows the dispersion of data using quartiles and outliers.

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56

Pareto Chart

A bar graph where the bars are drawn in decreasing order of frequency or relative frequency.

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57

Pie Chart

A circle divided into sectors where each sector represents a category of data.

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58

Dot Plot

A graph where each observation is represented by a dot placed above the observation.

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59

Time Series Plot

A graph that shows the measurement of a variable over time.

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60

Ogive

A graph that represents the cumulative or cumulative relative frequency of a class.

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61

Degree of Confidence or Confidence Level

The level of certainty or probability associated with a confidence interval.

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62

Margin of Error

The maximum likely difference between the true population parameter and a sample estimate of that parameter.

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63

Population Proportion

The proportion or percentage of individuals in a population that exhibits a certain characteristic or attribute of interest.

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