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Business Statistics 207 chapter 2
All the definitions from chapter 2
16
Other
Undergraduate 3
01/27/2013

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Cards

Term

 

 

Frequency Distribution

Definition

 

A summary of a set of data that displays the number of observations in each of the distributions distinct categories or classes

Term

 

 

Discrete Data

Definition

 

Data that can be taken on a countable number of possible values

Term

 

 

Relative Frequency

Definition

 

 

The proportion of total observations ie frequency divided by the total frequencies

Term

 

 

Continuous Data

Definition

 

 

Data whose possible values are uncountable and which may assume any value in an interval

Term

 

 

Mutually exclusive classes

Definition

 

Classes that do not overlap so that a data value can be placed in only one class

Term

 

 

All-Inclusive Classes

Definition

 

 

A set of classes that contains all possible data values

Term

 

 

Equal Width Classes

Definition

 

 

The distance between the lowest possible value and the highest possible value in each class is equal for all classes

Term

 

 

Cumulative Frequency

Definition

 

A summary set of data that displays the number of observations w/ values less than or equal to the upper limit of each of its classes

Term

 

 

Cumulative Rel Frequency

Definition

 

 

A summary of a set of data that displays the proportion of observations w/ values less than or equal to the upper limit of each of its classes

Term

 

 

Frequency Histogram

Definition

 

 

A graph of frequency distribution w/ the horizontal axis showing hte classes, the vertical axis showing the frequency count and the rectangles having a high equal to each frequency

Term

 

 

Ogive

Definition

 

 

The graphical representation of the cumulative relative frequency; in the form of a line

Term

 

 

Bar Chart

Definition

 

 

A graphical representation of data in a bar form

Term

 

 

Line Chart

Definition

 

 

A two dimensional chart showing time on the horizonal axis and the variable of interest on the vertical axis

Term

 

 

Scatter Diagram

Definition

 

 

A two dimensional graph of plotted points showing a potential trend

Term

 

 

Dependent Variables

Definition

 

 

A variable whose values are thought to be a function of, or dependent on the values of another variable called the independent variable 

Term

 

 

Independent Variable

Definition

 

 

A variable whose values are thought to impact the values of the dependent variable

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