Chapter 3: Describing Data Using
Measures of Center and Location:
a. Mean the average for all the values computed by dividing the sum of all values.
b. Median- is the center value that divides a data array into two halves. It is not aff
Chapter 2: Graphs, Charts and
Frequency a summary of a set of data that displays the number of observations in each of the
distributions distinct categories or classes.
Discrete Data data that can be take on countable numbers of possible values.
Chapter 1: Data Collection
Business Statistics A collection of procedures and techniques used to convert data into
meaningful information in a business environment
Descriptive Statistics procedures and techniques designed to describe data.