Card Set Information
What is an investigation of all the individual observations making up a population called?
What is one data point or daturn called?
A summary measure of a population is called?
The group being studied is called?
A representative subset of a population; a sample can be the entire population
The process of collecting a representative sample from which conclusions about the population may be drawn
A summary measure of a sample
Helps transform numbers into useful information for decision makers.
Methods that help collect, summarize, present, and analyze data
Methods that use the data collected from a small group to reach conclusions about a larger group.
Numerical literacy is called?
What is used to make reliable forecasts?
What combines computer systems and statistics to generate new ways to help analyze corporate enterprise data, particularly collections of historical data?
The values associated with a trait or property that help distinguish the occurrences of something is called?
What word is used to describe a single value?
What is one of those traits or properties that helps distinguish the occurrence of something is called?
A characteristic of an item or individual
The set of individual values associated with a variable
Allows all associated with an analysis to understand what the variable represents and what its possible values are.
Values that can only be placed into categories such as yes and no, also known as qualitative variables
Values that represent quantites, also known as quantitative variables
Numerical values that arise from a counting process
Numerical responses that arise from a measuring process