Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

AICP Statistics

Descriptive Statistics characteristics of a population
Inferential Statistics determine characteristics of a population based on observations made on a sample from that population. We infer things about the population based on what is observed in the sample.
Mean the average of a distribution. The mean of [2, 3, 4, 5] is 3.5.
Median is the middle number of a ranked distribution. The median of [2, 3, 4, 6, 7] is 4.
Mode the most frequent number in a distribution. The modes of [1, 2, 3, 3, 5, 6, 7, 7] are 3 and 7. There can be more than one mode for a data set.
Nominal Data classified into mutually exclusive groups that lack intrinsic order. Race, social security number, and sex are examples of nominal data. Mode is the only measure of central tendency that can be used for nominal data.
Ordinal Dana has values that are ranked so that inferences can be made regarding the magnitude. Hhas no fixed interval between values (educational attainment, letter grade on a test are ). Mode and median are used for ordinal data
Interval Data data that has an ordered relationship with a magnitude. For temperature, 30 degrees is not twice as cold as 60 degrees. Mean is the best measure of interval data. Where the data is skewed median can be used.
Ratio Data s an ordered relationship and equal intervals. Distance is an example of ratio data because 3.2 miles is twice as long as 1.6 miles. Any form of central tendency can be used for this type of data.
Normal Distribution one that is symmetrical around the mean. This is a bell curve.
Distribution Skewed to the Right has a few high numbers (outliers) that pull the mean to the right. For example, if there are three $20 million homes in your community, it is likely to skew the mean home value to the right.
Distribution Skewed to the Left has a few low numbers (outliers) that pull the mean to the left. When taking the AICP exam, for instance, a few people may give up and walk out resulting in a few very low scores, which would skew the mean score to the left.
Range simplest measure of dispersion. The range is the difference between the highest and lowest scores in a distribution. The age range of the respondents in a neighborhood survey goes from 18-year-old to 62-year-old. This results in a range of 44.
Variance average squared difference of scores from the mean score of a distribution.Variance is a descriptor of a probability distribution, how far the numbers lie from the mean.
Standard Deviation square root of the variance. if we want to know the difference in wages, we need to calculate the mean, variance, and standard deviation. If the employees earn $10, $20, and $35 per hour, the mean is $21.67.
Standard Error standard deviation of a sampling distribution. Standard errors indicate the degree of sampling fluctuation. The larger the sample size the smaller the standard error
Confidence Interval an estimated range of values which is likely to include an unknown population parameter. The width of the confidence interval gives us an idea of how uncertain we are about the unknown parameter. A wide interval may indicate that we need more data.
Chi Square non-parametric test statistic that provides a measure of the amount of difference between two frequency distributions. Commonly used for probability distributions in inferential statistics.
Created by: cpwirth
Popular Standardized Tests sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards