Essential Statistics and Probability Terms Defined
Classified in Mathematics
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Descriptive Statistics
Classification and description of a dataset.
Statistical Inference
Interpreting results using descriptive techniques for decision-making.
Statistic
A numerical summary or descriptive feature of a total sample of research.
Frequency Polygon
A line graph usually plotted on a frequency histogram.
Experiment
A controlled procedure carried out to determine, demonstrate, or test a hypothesis; a process that yields an outcome.
Median
The midpoint of a data set.
Probability
Measures or quantitatively determines the possibility that an event occurs.
Objective Probability
Probability obtained through numerical calculations or empirical observations.
Classic Approach
Assumes that all events are equally likely to occur.
Event
A possible outcome or... Continue reading "Essential Statistics and Probability Terms Defined" »