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Prob & Stats Vocab_7

Vocabulary from Probability and Statistics

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