Answer the Following Business Statistics Terms Flashcards

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

Set of all individuals of interest in a particular study. scientific research begins with a general question about a specific group of individuals.

Set of individuals selected from a population, usually intended to represent the population in a research study.

A characteristic or condition that changes or has different values for different individuals. Ex: height, gender, personality

Are mesurements or observations

A collection of measurements or observations

Is a single measurement or observation Commonly called: Score or raw score

Score or raw score (refer to a population or samples of scores)

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

A parameter may be obtained from a single measurement or it may be derived from a set of measurements from the population.

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.

A statistic may be obtained from a single measurement, or it may be derived from a set of measurments from the sample.

Sample Statistic

The relationship between sample statistics and the corresponding population parameters.

Statistical procedures used to summarize, organize, and simplify data. The first 2 steps of statistics - 1. Collecting Date, 2. Describe Data - organize/ summerize