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Basic Statistics: Study Sheet of Basic Statistics

College-Cram.com:: Finance:: Basic Statistics:: Study Sheet of Basic Statistics
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Description: Explore basic statistics with this printable Smartacus Study Sheet. Review the types of graphs (line, bar, pie chart), how to read a table, and basic data set values -- median, mode, mean, and range.
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Finance Terms

Definitions

  • Data Set a collection of related values.
  • The Mean is the mathematical average of your data set.
  • Median is a basic statistic that describes a different type of average. It represents the "middle" of a data set, with half its numbers higher than the median and half lower.
  • Mode represents the value or values that occur most often in a data set. (If no value occurs more than once, the data set is said to have no mode.)
  • Range describes the degree of variety in your data set. A large range indicates a more varied data set, while a small range indicates the data is very similar.

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Finding the...

Finding the Mean of a Data Set :

 Mean = (sum of values)/(number of values)

Finding the Median of a Data Set

 Median = (sum of middle values)/2

Finding the Mode of a Data Set

 Mode = Value that appears most often in the data set

    If no value appears more than once, the data set has no mode

Finding the Range of a Data Set

 Range = largest value - smallest value

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How to Read...

  • How to Read a Bar Graph - This brief tutorial explains the various parts of a bar graph and shows how it is used to visually represent information.
  • How to Read a Line Graph - This brief tutorial explains the various parts of a line graph and shows how it is used to visually represent information.
  • How to Read a Pie Chart - This brief tutorial explains the various parts of a pie chart (or pie graph) and shows how it is used to visually represent information.
  • How to Read a Table - This brief tutorial explains the various parts of a data table and shows how it is used to visually represent information.

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