Analysing Attitudes WK 5 Quantitative Thinking

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Mean
Sum of all the values, divided by the number of values
1 of 10
What is the formula for the mean?
Mean(X) = Sum(X) / N
2 of 10
What are the main measures of central tendency?
Mean, median & mode
3 of 10
What are the disadvantages of the mode?
Can be misleading & not useful with continuous data
4 of 10
Why is variance important?
Represents uncertainty by measuring how far the data are spread around the mean
5 of 10
What is a fundamental error in statistics?
Only focusing on central measures & ignoring variance
6 of 10
Variance
Mean of the squared distribution around the mean
7 of 10
What is the formula of the variance?
Var(X) = Sum((X - Mean(X))^2) / N
8 of 10
Standard deviation
Square root of the variance
9 of 10
Covariance
Measure of how much two random variables vary together
10 of 10

Other cards in this set

Card 2

Front

Mean(X) = Sum(X) / N

Back

What is the formula for the mean?

Card 3

Front

Mean, median & mode

Back

Preview of the back of card 3

Card 4

Front

Can be misleading & not useful with continuous data

Back

Preview of the back of card 4

Card 5

Front

Represents uncertainty by measuring how far the data are spread around the mean

Back

Preview of the back of card 5
View more cards

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