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Data Analysis Overview
Data
- A graph is a diagram that shows relationships among numbers.
- A table is an organized chart or list of numbers.
- Statistics is a name for organizing and interpreting data.
- Probability is a number that expresses the likelihood that a specific event will happen.
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Probability is the chance of something happening:
- The probability of an event is the ratio of the number of favorable outcomes to the total number of possible outcomes. (Favorable outcomes divided by total possible outcomes)
- Probability can be dependent on an earlier situation.
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Statistical Analysis
There are four ways to analyze a set of numbers:
- The mean (or average)—a total divided by the number of items that make up that total.
- The median—the middle value of an odd number of numbers and halfway between the two middle values of an even set of numbers
- The mode—the most frequently occurring number in a set.
- The range- the difference between the highest data value and the smallest data value. i.e. biggest number-smallest number
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Data Analysis Overview
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