What is a parameter?
A number that describes the population.
What is a statistic?
A number that can be computed from the sample data without making use of any unknown parameters; a number that describes a sample.
True or False?: Statistics are often used to describe parameters.
True
What is the median?
The midpoint of a distribution; the number such that half the observations are smaller and the other half are larger.
How do you find the median?
What is a percentile?
The value such that some percent (p) of observations in a distribution lie below it is called the pth percentile.
What is another term to describe the 50th percentile?
Median.
What is a resistant measure?
A measure of any aspect of a distribution that is relatively unaffected by changes in the numerical value of a small proportion of the total number of observations.
Is mean a resistant measure?
No.
Is median a resistant measure?
Yes.
Why is median usually reported rather than the mean for skewed distributions?
Because the mean is sensitive to extremities or outliers.
What is the range?
The distance between a distribution’s largest and smallest values.
What is the interquartile range (IQR) and how is it calculated?
The distance between the first and third quartiles; Q3-Q1.
What is the first quartile (Q1)?
The value larger than 25% of the distribution’s values.
What is the second quartile (Q2)?
The value larger than 50% of the distribution’s values.
What is the third quartile (Q3)?
The value larger than 75% of the distribution’s values.
How do you calculate Q1?
Take the median of the observations that are positioned to the left of the overall median (do not include the value of the overall median).
How do you calculate Q2?
Take the median of the observations that are positioned to the right of the overall median (do not include the value of the overall median).
What does the five number summary include?
The distribution’s minimum, Q1, Q2, Q3, and maximum.
What is the most common numerical description of a distribution?
Mean and standard deviation.
What is variance (s^2)?
The measure of spread about the mean of a distribution; standard deviation squared.
What does variance tell you?
How much the data varies from the mean.
What are the degrees of freedom?
n-1
If mean is not used as a measure of center, should standard deviation be used as a measure of spread?
No. Standard deviation measures spread about the mean and should only be used when the mean is also being used/reported.