26063887
Description
Mind Map by Kelli Kramer, updated more than 1 year ago
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Created by Kelli Kramer
about 4 years ago
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Business Statistics
- Mean: arithmetic average
- Mean= sum of all values
/ number of values
- Weighted Mean = Sum of products /
Sum of Frequencies
- Mean= sum of all values
/ number of values
- Median: Center of Data
- Even number of values: sum of middle values divided by 2
- Even number of values: sum of middle values divided by 2
- Mode: Value that occurs most frequently
- Range= Highest Value-lowest value
- Standard Deviation
- Empirical Rule /
Three Sigma
Rule: Normal
distribution will
be a bell curve
Media attachments
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