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Vocabulary from Probability and Statistics

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Term
Definition
Population   a group of individuals or objects that you want to study  
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Sample   part of the population  
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Inference   an estimate or prediction about the population that is based on a sample  
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Biased Sample   not representative of the population  
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Median   the "middle" of a data set  
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Mean Absolute Deviation   the average distance between each data value and the mean  
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Mean   the sum of the values in the data set divided by the number of items in the data set  
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Variation   a description of how spread out the data in the set are (includes Range, IQR, and MAD)  
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Distribution   the organization of a data set (shows outliers, clusters, and gaps)  
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Probability   the likelihood that an event is to occur  
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Theoretical probability   the ratio of favorable outcomes to total possible outcomes  
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Experimental probability   the number of times a favorable outcome happens when a probability experiment is actually conducted  
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Compound Event   when two or more events will occur together  
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Independent Event   an event in which the outcome does not depend on the outcome of any other event  
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Dependent Event   an event in which the outcome of the second event depends on the outcome o the first event  
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Created by: GriffinMPA
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