Statistical Analysis

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What is the purpose of standard deviation?
Standard deviation is used to assess how far spread values are above and below the mean.
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How is the mean calculated?
The mean is calculated by dividing the sum of the values by the number of values.
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What is the t-test?
The t-test is used to find out whether there is a significant difference between 2 values.
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When is a difference between two values significant?
A difference is statistically significant if the probability of it being due to random variation is 5% or less.
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Is a correlation always proof of cause?
No
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Other cards in this set

Card 2

Front

How is the mean calculated?

Back

The mean is calculated by dividing the sum of the values by the number of values.

Card 3

Front

What is the t-test?

Back

Preview of the front of card 3

Card 4

Front

When is a difference between two values significant?

Back

Preview of the front of card 4

Card 5

Front

Is a correlation always proof of cause?

Back

Preview of the front of card 5

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