Shared Flashcard Set

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Tables and Graphs
Econ 243
17
Other
Undergraduate 2
09/10/2018

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Cards

Term
What is ungrouped data?
Definition
Data that is not organized in a meaningful way
Term
What is group data?
Definition
Observations that have similar values
Term
What is frequency distribution?
Definition
Tells us how common certain ranges of data values are. Both in a relative sense and in a absolute sense
Term
What are class intervals or bins?
Definition
All the observations that have values within a certain range belong to a class interval
Term
What do you need to know to calculate the width (range) of the class interval?
Definition
The total range in data
Term
Equation to calculate the width (range) of a class interval?
Definition
Range = largest data value - smallest data value
Term
What do you do if you have non-integer values?
Definition
Round the smallest number down and the largest number up
Term
What is the class midpoint?
Definition
Just a halfway point for each class interval. Alternatively its just the average between the two end points
Term
How to calculate the Class Midpoint?
Definition
CI lower bound +CI upper bound/2
Term
How to calculate the Width?
Definition
range/# of class intervals + 1 if an integer

range/# of class intervals and round up if non-integer
Term
What is a cumulative frequency?
Definition
Just a running total of relative frequencies
Term
What is a relative frequency?
Definition
Just the proportion of share of the total frequency distribution accounted for by one particular class interval

Should be 1 or 100%
Term
What is a histogram?
Definition
A series of vertical bars whose height tells us how many times data values fell within a certain class interval
Term
What is a frequency?
Definition
Is essentially the same as a histogram but 2 differences.
We plot the class midpoints as dots for each bin
We connect the dots using line segments
Term
What is Ojive?
Definition
Its continuous like eh frequency polygon, but the difference is that you graph cumulative class endpoints
Can never go down, its a running frequency
Term
What is stem and leaf plotting?
Definition
Has a visual art to it.
Place the stems in numerical order from top to bottom. Then horizontally list each leaf for each stem
Term
When do we use a scatter plot?
Definition
When graphing values of two variables
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