Question | Answer |
Bar Graph | Visual representation using horizontal or vertical bars to make comparison or to show relationship on items of similar makeup. |
Circle Graph | A visual representation of the parts to the whole. |
Empirical Rule | For a normal distribution, nearly all the data fall within three standard deviations of the mean. |
Frequency Distribution | Shows by table the number of times event(s) occurs. |
Index Numbers | Express the relative changes in a variable compared with some base, which is taken as 100. |
Line Graph | A graphical presentation that involves a time element. Shows trends, failures, backlogs, and the like. |
Mean | Statistical term that is focused by: Mean = Sum of all values / # of values. |
Measure of Dispersion | Number that describes how the numbers of a set of data are spread out or dispersed. |
Median | Statistical term that represents the central point or midpoint of a series of numbers. |
Mode | Value that occurs most often in a series of numbers. |
Normal Distribution | Data are spread symmetrically about the mean. |
Price Relative | The quotient of the current price divided by some previous year's price -- the base year -- multiplied by 100. |
Range | Difference between the highest and lowest values in a group of values or set of data. |
Standard Deviation | Measures the spread of data around the mean. |
Weight Mean | Used to find an average when values appear more than once. |
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