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Exam (elaborations)

QMB EXAM 1

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  • August 27, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
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108 Multiple choice questions

Definition 1 of 108
show counts of data in categories

bar charts or pie charts

variance

histograms

clustered bar charts

Definition 2 of 108
if we are asked to determine how many possible outcomes there are for a few things that happen
in a row

combination formulas

counting rules

continuous

counting formulas

Definition 3 of 108
summarize two variables across one anothere where at least one is categorical

two types of random variables

continuous random variables


data tables

pivot tables

,Definition 4 of 108
countable outcomes that arent just yes and no
ex: how many textbooks are in a backpack (0,1,2,3...)

non-binomial rvs


binomial rvs

poisson rvs


combination formulas

Term 5 of 108
variance

list of all possible outcomes

correlation

square of the standard deviation


standard error of the mean

Definition 6 of 108
data gathered at a single point in time
ex: student is aked their age, gpa, and major

cross-sectional data


graphs of categorical data

quantitative data

time series data

,Definition 7 of 108
an actual count of how often a data value shows up
ex: 25 stuents in class that scored 4
frequency: 25

frequency


probability

correlation

amplitude

Definition 8 of 108
tells us the percent of data values below it

median

percentile

parameter

mean

Term 9 of 108
covariance sucks vecause it is

discrete random variables
continuous random variables

classical probability
empirical probability
subjective probability

boundless
from negative infinity to positive infinity


correlation

, Definition 10 of 108
outcomes that take on finite or countable

negative rv

binomial rv

continuous rv


discrete rv

Definition 11 of 108
ratio
interval
discrete
continuous

time series data

classical probability

four types of quantitative data


2 main areas of statistics

Term 12 of 108
probability

a bunch of yes or no outcomes
ex:did a student pass their test or no (1,0)

bound between 0 and 1
must sum to 1
much derives from experiments
ex:flipping a coin

measures the direction and strength of the linear relationship between x and y

measures direction and strength of the linear relationship between x and y

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