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- ch 1
- an operational definition is a clear statement that provides a commonm understanding of meaning
- no operational definition = errors
- dcova uses business oritened data to establish data analysis
- primary source - perosn collecting the data from survey/experiment/observation
- secondary - not collector but uses census data or published data
- **5 sources of data
- -data distributed by organization
- -outcomes of a designed experiment
- -results of conducting observation
- -data collected by ongoing business activities
- *sampling frame is listing of items that make up the population (frames are data sources such as population, direcotires, or maps)
- -usage of different frames to generate data can lead to dissimilar conclusions
- frequency distribution ch 2*****
- -to determine width of class interval, divide range (high val- low val = ) of data by number of class groupings desired
- -when comparing two or more groups with different sample size, you must use relative frequency to compare*****
- ch 3****//
- coefficient of variation
- -measures relative variation and variation to the mean ( always in %)
- - can be used to ocmpare variability of two or more sets of data measured in different units
- -formula is standard deviation/ mean
- Z-SCORE of data value, SUBTRACT THE MEAN AND DIVIDE BY STANDARD DEVIATION (considered outlier if zscore less than -3 or greater than +3 (larger val of z score, farther away from mean
- ****
- FIND QUARTILES POSITION!!! EACH UNIT IS 1
- q1 = (n+1)/4
- q2 = (n+1)/2
- q3 = (3(n+1)/4
- N is number of observed values
- find IQR by q3-q1 =IQR, that would be the range of the q3 - q1
- 5 number summary** related to boxplots
- -smallest number
- -first quartile
- -median (second quartile)
- -third quartile
- ask teacher about chebyshev rule
- scatter plot in depth
- 2 quantitivate measures of such relationships
- -covariance
- - coefficient of correlation
- covariance = strength of linear relationship between two numerical values
- coeff of corre = relative strength of linear relationship between two numerical val
- they focus on coeff of correl
- Excel function is =CORREL(AX1:AX2,BX1:BX2)
- this compares the relationship between A and B and gives the Coeff of Correlation
- basically, to interpret the numbers outputted, it ranges from -1 to 1, closer to -1 is negative linear relationship, closer to 0 is no linear relationship, and 1 is positive
- flaw of covariance is inability to determine relative strength of relationship from size of covariance
- empirical rule is 65% is witihin one standard dev , 95 2 standard dev, 99.7 3 standard dev
- ch 4
- mutually exclusive events, A = day in jan, B= day in feb, cannot occur simulataneously, so it's mutually exclusive event
- collectively exhaustive events
- -set of events cover all sample space, must occur, doesnt have to be mutually exclusive//
- general addition rule is used as ( P(A or B) = p(a) +p(b) - p(a and b))
- if a and b are mutually exclusive ( cannot happen same time) then p(a and b) = 0
- can be rewrote as p(a or b) = p(a) +p(b)
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