Statistics Vocabulary

Just for laughs

Statistics Vocabulary

What does that mean??How "confident" are you, that your data will fall between the lower limit and upper limit?

Confidence Level

Confidence Interval

Understanding the P-value

What does that mean??The data will fall between these two points (upper limit, lower limit)

an interval, calculated from a sample, which contains the value of acertain population parameter with a specified probability.

the probability that the statistician'sconfidence interval contains the true,unknown population parameter

Correlation coefficients– a measure of how close tworandom variables are to being perfectly linearly related

WHAT???The closer your number is to 1 or -1, the better your line is

Inter-quartile-range (IQR)

Upper Quartile - Lower Quartile= IQR

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