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27 Terms
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Data
facts and figures collected, analyzed, and summarized for presentation and interpretation
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Elements
The things that we collect data on, aka, objects on which data are collected
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Variables
Characteristics of the elements that we’re interested in
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Observation
The set of measurements for a particular element. Can (will) contain multiple variables
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Scales of measurement
Determines the amount of information contained in the data & indicates the most appropriate data summarization & statistical analysis
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Four scales of measurement
* Nominal * Ordinal * Interval * Ratio
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Nominal
Data that has names, i.e., buckets.
* Can be coded numerically in a data set, e.g.:
\-- Undergrad student = 0
\-- Graduate Student = 1
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Ordinal
Data for a variable exhibits nominal properties AND the data can be ordered in an objectively meaningful way.
ex:
* mostly sad * sometime sad * neither happy nor sad * sometimes happy * mostly happy
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Interval
Data for a variable exhibit BOTH nominal and ordinal properties, AND the interval between values is expressed in terms of a fixed unit of measure, AND always numeric.
These have a meaningless zero. Holds no measures, aka is arbitrary. for example, zero degrees fahrenheight does not signify the lack of heat, it is simply a point on a scale that is temperature.
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Ratio
Data for a variable exhibits:
* interval properties AND * Ratio of two values is meaningful * always numeric * Zero - means ‘the absence of’ or nothing exists, aka, opposite of interval definition.
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Categorical Data (Qualitative)
Grouped by specific categories (limited statistical analysis available)
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Quantitative
Use numeric values to indicate how much or how many (arithmetic operations provide meaningful measures)
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Cross-sectional data
Data collected at the same or approximately the same point in time.
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Time series data
Data collected over several time periods
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The largest experimental statistical study ever conducted is believed to be for:
Polio
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Observational
Data acquired by observing what is occurring in a particular setting and recording variables of interest
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Descriptive Statistics
Data that is summarized and presented in a form that is easy for the audience to understand
* tables * graphs * numbers
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Statistical Inference
The application of statistical processes to data collected from a *sample* to make estimates and test *hypotheses* about the characteristics of a population.
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Population
The set of all elements of interest in a particular study
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Sample
A subset of the population
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Descriptive analytics
Describe what has happened in the past
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Predictive analytics
the usage of analytical techniques that use models constructed from past data to predict the future or to assess the impact of one variable on another.
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Big data
The volume of data collected by businesses today is immense - these large and complex data sets are referred to as Big Data.
* volume * velocity * variety * veracity
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Data Mining
The process of converting Big Data into useful information via the combination of statistics, mathematics, and computer science.
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Proportion
The number of persons related to the certain group divided by the total number of persons in the sample
\ p = x/n
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Frequency Distribution
Visual displays that organize and present frequency counts so that the information can be interpreted more easily.
* divide the frequency (f) by the total # of results (r) and multiply by 100. * (f/r) x 100