Chapter 22 Key Terms

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Flashcards on Chapter 22 Key Terms, created by Dan Huber on 11/10/2022.
Dan Huber
Flashcards by Dan Huber, updated more than 1 year ago
Dan Huber
Created by Dan Huber over 1 year ago
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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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