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Important Terms In Statistics

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Important Terms In Statistics

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  1. IMPORTANT TERMS IN STATISTICS

  2. SAMPLE Sample means a manageable quantity or subset that contains characteristics of a big group. With the help of appropriate sample, researchers can conduct a meaningful study timely and easily. It is an unbiased quantity of observations picked from the population.

  3. MEAN The data set that is gained by summing up all the numbers in the data set and dividing it by the total number of terms or values in the data set is called mean or average. The average value in the sample is termed as the sample mean, whereas the average value of population is termed as average mean.

  4. MEDIAN When the data set is ordered from least to highest then the middle value of the data set is termed as the median. To find out the median value in a list of numbers, it must be arranged in a lowest to highest or highest to lowest form.

  5. MODE Score that comes frequently during distribution is known as mode. There can be one mode, more than a mode or no mode in the whole data set. In a normal distribution, the value of mode is also the same as the median and mode.

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