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16 Cards in this Set
- Front
- Back
- 3rd side (hint)
Standardizing
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The process of converting original values to standard deviation units.
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Standardized Value
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Synonymous with the z-score.
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Z-score
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The z-score is synonymous with the standardized value.
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Percentile
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The pth percentile of a distribution is the value with with p percent of observations below it.
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Chebyshev's inequality
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In any distribution, the percent of observations falling within k standard deviations of the mean is at least C.
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Mathematical Model
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It is the description of a system using mathematical concepts and language.
or A mathematical representation of a process, device, or concept by means of a number of variables which are defined to represent the inputs, outputs, and internal states of the device or process, and a set of equations and inequalities describing the interaction of these variables. |
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Density Curve
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It is a curve that:
- always on or above the horizontal axis, and - has area exactly 1 underneath it. A density curve describes the overall pattern of a distribution. The area under the curve and above any interval of values on the horizontal axis is the proportion of all observations that fall in that interval. |
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Normal Curve
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A symmetrical curve representing the normal distribution.
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Median of a Density Curve
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This is the "equal-areas point," the point that divides the area under the curve in half.
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Mean of a Density Curve
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It is the " balance point," at which the curve would balance if made of solid material.
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Standard Deviation of a Density Curve
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Represented by the greek letter small sigma.
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The 68-95-99.7 Rule
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In the Normal distribution with mean mu and standard deviation sigma:
-Approximately 68% of the observations fall within one standard deviation of the mean. -Approximately 95% of the observations fall within 2 standard deviations of the mean. -Approximately 99.7% of the observations fall within 3 standard deviations of the mean. |
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Standard Normal Distribution
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It is the Normal distribution N(0,1) with mean 0 and standard deviation 1.
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Standard Normal table
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a table of areas under the standard normal curve. Each table entry = area to left of z
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Steps to Solving Normal Distributions
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1. State the problem
2. Standardize and draw picture 3. Use the table 4. Conclusion |
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Normal Probability Plot
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If points lie close to a straight line then the plot shows that data is Normal. Deviations from a straight line display a non-Normal distribution.
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