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INTRO TO STATS EXAM SLCC QUESTIONS AND ANSWERS R216,32   Add to cart

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INTRO TO STATS EXAM SLCC QUESTIONS AND ANSWERS

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INTRO TO STATS EXAM SLCC QUESTIONS AND ANSWERS

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  • August 8, 2024
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INTRO TO STATS EXAM SLCC
QUESTIONS AND ANSWERS
Coefficent of Variation (CV) - Answer-Ratio of the standard deviation to the mean of
data set

Std. dev / mean

Higher CV = more spread

When converting units of measure, the CV is unchanged

Statcrunch = coef of var (displayed as percentage, don't forget to divide by 100)

Empirical Rule - Answer-For bell-curve data
68% of data within 1 std dev
95% within 2 std dev
99.7% within 3 std dev

sample standard deviation - Answer-s
Statcrunch = std dev

population standard deviation - Answer-σ (sigma)
Statcrunch = unadj. std. dev

Random sampling - Answer-a sample that fairly represents a population because each
member has an equal chance of inclusion

ex: pull #'s out of hat

Systematic sampling - Answer-randomly select some starting point and then select
every kth element in the population

ex: 5th customer to come out of store and then every 7th after that.

stratified sampling - Answer-A type of probability sampling in which the population is
divided into groups with a common attribute and a random sample is chosen within
each group

homogeneous, non-overlapping strata

Ex: freshmen, soph, juniors and seniors could be strata

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