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Lohr-StatProb-Unit1

term review for unit 1

TermDefinition
Statistics the practice or science of collecting and analyzing numerical data in large quantities, especially for the purpose of inferring proportions in a whole from those in a representative sample.
Probability the extent to which an event is likely to occur, numeric answer can be written as a fraction (with a colon, or the word “to”), decimal, or percent.
Population the complete group with at least one characteristic in common.
Sample the extent to which an event is likely to occur, measured by the ratio of the favorable cases to the whole number of cases possible.
Sample Space list of all possible outcomes of an experiment.
Variables In statistics, it is simply a characteristic that is being studied.
Demographic a specific group of consumers chosen by age, sex, religion, home country, place of residence, music preference, or any other specified characteristic.
Target audience particular demographic that is intended to be the main group of consumers of a particular product or service.
Fair Die a die with an equal chance of landing on any side.
Counter Intuitive it is a result that you might not have initially guessed.
Combination distinct arrangements of a specified number of objects without regard to order of selection from a specified set.
Consumer anyone who purchases or uses a particular product or service.
Data information that has been collected to represent real life situations, usually in number form.
Fundamental Counting Principle states that if an event can be chosen in p different ways and another independent event can be chosen in q different ways, the number of different arrangements of the events is p x q.
Permutation an arrangement of objects where order is important.
Random when everyone or everything in a population has an equal chance of being selected.
sample point one of the possible outcomes in a sample.
unfair die a die that would be more likely to land on a particular number than the others.
Value The number of objects from which you are making a choice.
Outcome One of the possible end results of an experiment.
Created by: MrsJLohr
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