What are Descriptive Statistics used for?
Summarizing and describing data
Descriptive statistics provide a summary of the main features of a dataset.
Name the Measures of Central Tendency.
These measures provide a central value for a dataset.
How is the Mean calculated?
Add all values and divide by the amount
The mean can be affected by extreme values.
What is the Median?
The middle value when ordered
The median is unaffected by outliers.
What is the Mode?
The value that appears the most
The mode is not affected by outliers and can be used on nominal data.
What is the Range in statistics?
Difference between high and low values
The range is quick to calculate but can be skewed.
What does Standard Deviation measure?
How spread out data are around the mean
It considers every value and allows for probabilistic statements about data.
True or false: The Standard Deviation considers every value in the dataset.
TRUE
A larger standard deviation indicates more spread out data.
What is required for data when calculating Standard Deviation?
Data must form a normal distribution
Normal distribution is essential for accurate standard deviation calculations.