What is the sample size denoted by?
n (n = 5).
How is each element in the sampling frame identified?
By giving each element a unique identity number.
1/281
p.11
Statistical Concepts and Terminology

What is the sample size denoted by?

n (n = 5).

p.6
Survey Methodology and Sampling Techniques

How is each element in the sampling frame identified?

By giving each element a unique identity number.

p.16
Descriptive Statistics: Measures of Variation

Can two data sets with the same mean have different spreads?

Yes, they can have completely different spreads.

p.6
Survey Methodology and Sampling Techniques

What should be done with numbers outside the range of 0001 to 3000?

They must be discarded.

p.9
Survey Methodology and Sampling Techniques

Why is it impractical to prepare a sampling frame for the example provided?

Because the population size is very large, all teenagers in Hong Kong.

p.14
Descriptive Statistics: Measures of Central Tendency

In the provided example with a sample size of 15, what is the mode?

There is no mode as all data have the same frequency.

p.9
Survey Methodology and Sampling Techniques

What is the population size in the example regarding the cola brand survey?

All teenagers in Hong Kong.

p.4
Survey Methodology and Sampling Techniques

What does a census involve in the context of employee satisfaction?

Collecting data from every employee in the company.

p.9
Survey Methodology and Sampling Techniques

What is a convenience sample?

A sample selected based on ease of access, such as street interviews.

p.6
Survey Methodology and Sampling Techniques

What is a disadvantage of Simple Random Sampling?

It can be time-consuming for large-scale surveys.

p.17
Descriptive Statistics: Measures of Central Tendency

What is Q1 in the provided example?

Q1 = 420 items (25th percentile).

p.14
Descriptive Statistics: Measures of Central Tendency

What is the mode in a data set?

The value that occurs most frequently.

p.1
Statistical Concepts and Terminology

What is one of the key topics covered in the Elementary Statistics course?

Probability Distributions.

p.32
Expected Value and Variance of Random Variables

What does the positive square root of the variance represent?

The standard deviation of X.

p.4
Survey Methodology and Sampling Techniques

What is crucial for the reliability of conclusions drawn from a survey?

How representative the sample is of the population.

p.17
Descriptive Statistics: Measures of Central Tendency

What is Q3 in the provided example?

Q3 = 890 items (75th percentile).

p.20
Statistical Concepts and Terminology

What characterizes a symmetric distribution?

In a symmetric distribution, the parts above and below its center are mirror images in the density function.

p.20
Statistical Concepts and Terminology

What indicates a right-skewed distribution?

A right-skewed distribution has a longer right side.

p.17
Descriptive Statistics: Measures of Variation

Is the interquartile range affected by extreme values?

No, it is not affected by extreme values.

p.20
Statistical Concepts and Terminology

What indicates a left-skewed distribution?

A left-skewed distribution has a longer left side.

p.24
Calculator Usage for Statistical Analysis

How do you clear previous data on the Casio fx-50FH calculator?

Press SHIFT, then CLR, select Stat, and press EXE.

p.13
Descriptive Statistics: Measures of Central Tendency

What is the sample mean?

The average result calculated from a subset of the population, which can vary depending on the selected data.

p.18
Descriptive Statistics: Measures of Variation

How is standard deviation related to variance?

Standard deviation is the square root of the variance.

p.27
Random Variables: Discrete vs Continuous

What are the characteristics of a numerical random variable?

Its value is uncertain and unpredictable, and it can be presented as a numerical value.

p.28
Probability and Probability Distributions

Why is summarizing a discrete variable as a probability distribution function useful?

It helps understand the possible range of outcomes and evaluate which outcomes have higher chances of occurring.

p.12
Descriptive Statistics: Measures of Central Tendency

What are the three major types of descriptive measures in statistics?

Central tendency, variation, and shape.

p.17
Descriptive Statistics: Measures of Variation

What is the interquartile range (IQR)?

The difference between the third quartile (Q3) and the first quartile (Q1) in a set of data.

p.1
Course Overview and Objectives

What is the significance of the course in relation to further studies?

It cultivates interest in quantitative techniques necessary for further studies.

p.19
Descriptive Statistics: Measures of Variation

What is the sample standard deviation (𝑠) calculated in the example?

229.54 items.

p.4
Descriptive Statistics: Measures of Central Tendency

What statistical analyses might be performed after data collection?

Calculation of mean and standard deviation of the scores.

p.8
Survey Methodology and Sampling Techniques

How are individual samples selected in stratified sampling?

Randomly from each of the strata.

p.18
Descriptive Statistics: Measures of Variation

What is the formula for population variance?

σ² = (1/N) * Σ(x - μ)²

p.34
Expected Value and Variance of Random Variables

What is the formula for variance of Y?

Var(Y) = Σ [f(xi)² * p(xi)] - E(Y)².

p.3
Survey Methodology and Sampling Techniques

What are some methods to collect a representative sample?

Simple random sampling, systematic sampling, and stratified sampling.

p.33
Expected Value and Variance of Random Variables

What is the expected value E(X) of the weekly sales of 'PhotoC'?

2.15 items.

p.25
Probability and Probability Distributions

What is empirical probability?

Probability based on observed frequencies from experiments.

p.25
Probability and Probability Distributions

What is the empirical probability of observing a 1 when tossing an unfair die?

P(1) = 0.1.

p.30
Probability and Probability Distributions

What is the probability of 10 tourists visiting Ocean Park?

0.006.

p.26
Probability and Probability Distributions

What is a key analysis method for a normal variable?

Analyzing a function of a normal variable.

p.2
Course Overview and Objectives

What should you check frequently for updated course information?

SOUL course link and class link.

p.31
Expected Value and Variance of Random Variables

Why might the average number of books borrowed (4.35) not reflect individual borrowing behavior?

Because not every reader borrows the same amount, and it's not possible to borrow a fractional number of books.

p.15
Descriptive Statistics: Measures of Variation

What should you do if the index i is not an integer?

Round up i to the nearest integer.

p.6
Survey Methodology and Sampling Techniques

What is Simple Random Sampling?

A method that selects objects such that every object of the population has an equal chance of being selected.

p.28
Probability and Probability Distributions

What does the notation P(X = x) represent?

The probability that the random variable X takes on the value x.

p.1
Course Overview and Objectives

What type of assessment is included in the course?

Individual assignments and a final examination, each worth 50 marks.

p.27
Random Variables: Discrete vs Continuous

What is the numerical random variable for a tour guide managing tourists?

The number of tourists that may go to Ocean Park.

p.8
Survey Methodology and Sampling Techniques

What is stratified sampling?

A method that divides the whole population into subgroups (strata) based on a common characteristic.

p.7
Survey Methodology and Sampling Techniques

What is systematic sampling?

A method that selects the first object randomly and the rest by a fixed interval k.

p.18
Descriptive Statistics: Measures of Variation

What do variance and standard deviation evaluate?

How the values fluctuate about the mean.

p.25
Probability and Probability Distributions

Define an event in probability.

Each possible type of occurrence in a sample space.

p.29
Probability and Probability Distributions

How can we determine the probability distribution function for an unfair die?

By conducting experiments and calculating empirical probabilities based on observed relative frequencies.

p.29
Probability and Probability Distributions

What is the probability distribution function based on the observed frequencies from the die toss?

1: 0.18, 2: 0.12, 3: 0.32, 4: 0.16, 5: 0.12, 6: 0.10.

p.20
Descriptive Statistics: Measures of Variation

What is an example of a right-skewed distribution?

Monthly income of fresh graduates.

p.10
Statistical Concepts and Terminology

What are the two types of variables in statistics?

Numerical variable and categorical variable.

p.5
Survey Methodology and Sampling Techniques

What is a sampling frame?

A data file that contains information of the population objects.

p.2
Calculator Usage for Statistical Analysis

What type of calculator is required for the course?

An HKEA approved calculator with SD (statistics) function.

p.10
Statistical Concepts and Terminology

What is a continuous numerical variable?

Data that covers a range of values.

p.31
Expected Value and Variance of Random Variables

What is the probability distribution function p(x) for the number of books borrowed?

P(X=x) = {0.02, 0.07, 0.15, 0.28, 0.33, 0.10, 0.03, 0.02} for x = {1, 2, 3, 4, 5, 6, 7, 8}.

p.14
Descriptive Statistics: Measures of Central Tendency

How is the mode different from other measures of central tendency?

The mode is not affected by extreme values.

p.4
Survey Methodology and Sampling Techniques

How many employees are in the company mentioned in the study?

3000 employees.

p.27
Random Variables: Discrete vs Continuous

In the context of a librarian, what is a numerical random variable?

The number of books the next reader may borrow.

p.4
Survey Methodology and Sampling Techniques

Why might a survey be conducted instead of a census?

Due to limitations like time and budget.

p.19
Descriptive Statistics: Measures of Variation

What is the significance of standard deviation in relation to the mean?

It indicates the average difference of the data from the mean.

p.7
Survey Methodology and Sampling Techniques

In the example provided, what is the sample size and total population?

Sample size is 500 and total population is 3000 employees.

p.8
Survey Methodology and Sampling Techniques

In the example provided, how many managers were selected for the stratified sample?

100 managers.

p.30
Probability and Probability Distributions

What are the two methods to prepare the probability distribution function?

Method 1: Use past records of tourists visiting Ocean Park. Method 2: Use a theoretical Binomial distribution based on a 60% visit rate.

p.12
Descriptive Statistics: Measures of Central Tendency

What is a key characteristic of the mean?

It is affected by extreme values.

p.20
Descriptive Statistics: Measures of Variation

How can skewness be identified using quartiles?

By comparing Q1, Q2, and Q3: symmetric if Q2 - Q1 = Q3 - Q2, left-skewed if Q2 - Q1 > Q3 - Q2, and right-skewed if Q2 - Q1 < Q3 - Q2.

p.21
Descriptive Statistics: Measures of Variation

What does it indicate if Q2 - Q1 > Q3 - Q2?

The distribution is left skewed.

p.26
Probability and Probability Distributions

What can be calculated for a function of a variable?

Expected value, variance, and standard deviation.

p.24
Calculator Usage for Statistical Analysis

How do you calculate the mean on the Casio fx-50FH calculator?

Press SHIFT, then 2, then 1, and then EXE.

p.13
Descriptive Statistics: Measures of Central Tendency

What is the mean result of Class 1 in the example?

75.3 marks.

p.13
Descriptive Statistics: Measures of Central Tendency

What is the mean result of Class 2 in the example?

81.4 marks.

p.13
Descriptive Statistics: Measures of Central Tendency

What is the mean result of Class 3 in the example?

74.2 marks.

p.10
Statistical Concepts and Terminology

What is a discrete numerical variable?

Data that only takes place at particular values, usually integers.

p.35
Expected Value and Variance of Random Variables

What is the expected value of Y if E(X) = 2.15?

E(Y) = -3500 + 4340(2.15) = $5831.

p.22
Linear Functions of Random Variables

What is the relationship between the mean of Y and the mean of X in a linear function?

Mean(Y) = a + b * Mean(X)

p.15
Descriptive Statistics: Measures of Variation

What is the 10th percentile in the given example?

345 items.

p.11
Statistical Concepts and Terminology

What type of variable is the number of previous full-time employment?

Discrete numerical variable.

p.28
Probability and Probability Distributions

What is a probability distribution function for a discrete random variable?

A mutually exclusive listing of all possible numerical outcomes with associated probabilities.

p.28
Probability and Probability Distributions

What are the properties of a probability distribution function?

1. 0 ≤ p(x) ≤ 1 for all x; 2. The sum of p(x) over all possible values of x equals 1.

p.4
Statistical Concepts and Terminology

What is the range of scores employees can give regarding their satisfaction?

From 0 to 10.

p.17
Descriptive Statistics: Measures of Variation

How is the interquartile range calculated?

IQR = Q3 – Q1.

p.20
Statistical Concepts and Terminology

What is skewness in data distribution?

Skewness refers to the asymmetry of the distribution of data values.

p.32
Expected Value and Variance of Random Variables

What is the standard deviation of the number of books borrowed from the library?

1.3444 books.

p.4
Descriptive Statistics: Measures of Central Tendency

What does a mean satisfaction score of 2.4 indicate?

A very low level of satisfaction.

p.3
Survey Methodology and Sampling Techniques

What is the basic workflow of conducting a survey?

It involves planning, collecting data, and summarizing findings.

p.8
Survey Methodology and Sampling Techniques

What is the sample size for junior staff in the example?

400 junior staff.

p.30
Probability and Probability Distributions

What is the probability that 4 to 8 tourists will visit Ocean Park?

The probability is 0.899.

p.21
Descriptive Statistics: Measures of Central Tendency

What is the 75th percentile (Q3) in the example?

890 items.

p.18
Descriptive Statistics: Measures of Variation

What does a small variance indicate?

The data points are located closely together.

p.13
Descriptive Statistics: Measures of Central Tendency

How is the population mean calculated in the example provided?

By averaging the examination results of all year 1 students, resulting in a mean of 78.65 marks.

p.33
Expected Value and Variance of Random Variables

What is the standard deviation σ(X) of the weekly sales of 'PhotoC'?

1.0618 items.

p.30
Probability and Probability Distributions

What is the probability of 0 tourists visiting Ocean Park?

0.0001.

p.35
Expected Value and Variance of Random Variables

What is the formula for the standard deviation of Y when Y is a linear function of X?

σ(Y) = |b|σ(X).

p.35
Expected Value and Variance of Random Variables

Given Y = 4340X - 3500, what are the values of a and b?

a = -3500, b = 4340.

p.15
Descriptive Statistics: Measures of Variation

What is the p-th percentile?

The maximum value that (about) p% of the observations are smaller than.

p.15
Descriptive Statistics: Measures of Variation

How is the index i calculated for finding the p-th percentile?

i = n * (p/100), where n is the number of data points.

p.15
Descriptive Statistics: Measures of Variation

What does the 50th percentile represent?

The second quartile (Q2), which is the median.

p.11
Statistical Concepts and Terminology

What type of variable is total working hours on 1/9/2019?

Continuous numerical variable.

p.11
Statistical Concepts and Terminology

How is collected data typically denoted?

With a small letter (e.g., x).

p.9
Survey Methodology and Sampling Techniques

When is a convenience sampling method practical?

When no sampling frame is available.

p.6
Survey Methodology and Sampling Techniques

What tool can be used for Simple Random Sampling?

A Random Number Table.

p.32
Expected Value and Variance of Random Variables

What is the variance of a random variable X denoted as?

σ² or Var(X).

p.16
Descriptive Statistics: Measures of Variation

What is the range of the data set: 300, 345, 368, 420, 488, 522, 627, 668, 731, 774, 802, 890, 902, 904, 990?

Range = 990 – 300 = 690.

p.27
Random Variables: Discrete vs Continuous

What numerical random variable is analyzed by a researcher in telecommunications?

The duration of long-distance calls.

p.6
Survey Methodology and Sampling Techniques

How can using computer software improve the sampling process?

It can generate random numbers much faster while maintaining the same underlying logic.

p.7
Survey Methodology and Sampling Techniques

How is the fixed interval k calculated in systematic sampling?

k = total population size / sample size.

p.21
Descriptive Statistics: Measures of Central Tendency

What is the sample size (n) in the example?

15.

p.17
Descriptive Statistics: Measures of Variation

What does the interquartile range measure?

The spread of the middle 50% of the data.

p.33
Random Variables: Discrete vs Continuous

What does X represent in the example provided?

The number of photocopiers sold in a week.

p.12
Descriptive Statistics: Measures of Central Tendency

What happens when you multiply the mean by the number of data points?

It equals the total value.

p.8
Survey Methodology and Sampling Techniques

What is a disadvantage of stratified sampling?

It is more complicated.

p.24
Calculator Usage for Statistical Analysis

What is the command to input data into the Casio fx-50FH calculator?

Input each data point followed by pressing DT.

p.7
Survey Methodology and Sampling Techniques

What is a disadvantage of systematic sampling?

The sample may be biased when studying periodic data.

p.31
Expected Value and Variance of Random Variables

What is the expectation (or expected value) of a discrete random variable X?

It is the weighted average over all possible outcomes, with weights being the probabilities associated with each outcome.

p.21
Descriptive Statistics: Measures of Variation

What was the range of items sold?

690 items.

p.21
Descriptive Statistics: Measures of Central Tendency

What percentage of salespersons sold less than 345 items?

The bottom 10%.

p.31
Expected Value and Variance of Random Variables

Given the probability distribution for the number of books borrowed, what is E(X)?

E(X) = 4.35 books.

p.2
Calculator Usage for Statistical Analysis

Are calculators with graphical displays allowed in the examination?

No, they will not be allowed.

p.13
Statistical Concepts and Terminology

What will be explored in Chapter 4 regarding sample means?

Using a randomly selected sample mean to estimate the population mean with high accuracy.

p.10
Statistical Concepts and Terminology

In the provided survey example, what type of variable is 'Number of previous full-time employment'?

Numerical variable (Discrete).

p.11
Statistical Concepts and Terminology

What scale is gender measured on?

Nominal scale.

p.1
Course Overview and Objectives

What is the primary focus of the Elementary Statistics course?

Teaching quantitative skills applicable to daily life problems.

p.6
Survey Methodology and Sampling Techniques

What is the first step in the sampling process for selecting employees?

Assign unique identity numbers to each employee from 0001 to 3000.

p.6
Survey Methodology and Sampling Techniques

What happens if the same number is selected more than once?

It must also be discarded.

p.12
Descriptive Statistics: Measures of Central Tendency

What is the notation for population mean?

μ (mu).

p.8
Survey Methodology and Sampling Techniques

What are strata in stratified sampling?

Subgroups that are mutually exclusive and exhaustive.

p.20
Statistical Concepts and Terminology

How can distributions be classified based on skewness?

Distributions can be classified as symmetric, left-skewed, or right-skewed.

p.17
Descriptive Statistics: Measures of Variation

What is the interquartile range (IQR) for the given data?

IQR = 890 – 420 = 470 items.

p.34
Expected Value and Variance of Random Variables

What is the expected value of weekly profit (E(Y))?

$5831.

p.33
Random Variables: Discrete vs Continuous

What is a function of a random variable?

A function Y = f(X) where Y is studied based on the random variable X.

p.26
Probability and Probability Distributions

What is the focus of Chapter 2 in Elementary Statistics?

Methods to describe characteristics of a numerical random variable.

p.21
Descriptive Statistics: Measures of Central Tendency

What is the 50th percentile (Q2) in the example?

668 items.

p.23
Descriptive Statistics: Measures of Central Tendency

What is the 90th percentile of the monthly salary?

$47,120.

p.5
Survey Methodology and Sampling Techniques

What is a population in statistics?

The totality of elements (items, objects) under consideration.

p.23
Descriptive Statistics: Measures of Variation

What is the range of the monthly salary?

$20,700.

p.7
Survey Methodology and Sampling Techniques

What is an advantage of systematic sampling?

It is time-saving.

p.30
Probability and Probability Distributions

What distribution is used to derive the probability distribution function in this example?

Binomial distribution.

p.24
Calculator Usage for Statistical Analysis

What is the command to calculate the population standard deviation?

Press SHIFT, then 2, then 2, and then EXE.

p.5
Survey Methodology and Sampling Techniques

Why should probability samples be used?

To minimize the possible chance of getting biased results.

p.10
Statistical Concepts and Terminology

What does a numerical variable consist of?

Data that consists of numbers representing counts or measurements.

p.13
Descriptive Statistics: Measures of Central Tendency

Why is the sample mean not unique?

Its value depends on which data are selected in the sample.

p.24
Calculator Usage for Statistical Analysis

What is the final step to return to normal mode on the Casio fx-50FH calculator?

Press MODE and then 1.

p.15
Descriptive Statistics: Measures of Variation

What is the first step in finding the p-th percentile?

Arrange data in an ordered array.

p.10
Statistical Concepts and Terminology

In the provided survey example, what type of variable is 'Total working hours on 1/9/2019'?

Numerical variable (Continuous).

p.11
Statistical Concepts and Terminology

How is a variable typically denoted?

With a capital letter (e.g., X).

p.9
Survey Methodology and Sampling Techniques

What is the example given for selecting a sample of teenagers?

Inviting 500 teenagers to join a survey about a cola brand.

p.16
Descriptive Statistics: Measures of Variation

What does variation measure in a data set?

The amount of dispersion or spread in the data.

p.4
Descriptive Statistics: Measures of Central Tendency

What does a mean satisfaction score of 9.5 indicate?

A very high level of satisfaction.

p.12
Descriptive Statistics: Measures of Central Tendency

What is the notation for sample mean?

𝑥̅ (x-bar).

p.34
Expected Value and Variance of Random Variables

How is the expected weekly profit calculated?

By substituting values of X into the profit function and using the probability distribution.

p.12
Descriptive Statistics: Measures of Central Tendency

What does the mean represent in a data set?

It shares the total by the number of data equally.

p.23
Descriptive Statistics: Measures of Central Tendency

What is the 10th percentile of the monthly salary?

$30,350.

p.18
Descriptive Statistics: Measures of Variation

What is the formula for sample variance?

s² = (1/(n-1)) * Σ(x - x̄)²

p.3
Survey Methodology and Sampling Techniques

What is the difference between a census and a sample survey?

A census collects data from every member of a population, while a sample survey collects data from a subset.

p.26
Probability and Probability Distributions

Why is understanding the probability distribution of a variable important?

It provides insight to predict outcomes under uncertain situations.

p.13
Descriptive Statistics: Measures of Central Tendency

What is the population mean?

The average result of all individuals in a population, reflecting its characteristics, calculated when a census is conducted.

p.25
Probability and Probability Distributions

What is the classical probability of observing a 1 when tossing a fair die?

P(1) = 1/6.

p.5
Survey Methodology and Sampling Techniques

What is a census?

Investigation based on the data of the whole population.

p.20
Descriptive Statistics: Measures of Variation

What is an example of a left-skewed distribution?

Examination results.

p.3
Survey Methodology and Sampling Techniques

What is the objective of the survey conducted by the manager?

To understand the employees' satisfaction level towards the company.

p.3
Statistical Concepts and Terminology

What scale is used to measure employee satisfaction?

A 10-point scale ranging from 0 (very unsatisfied) to 10 (very satisfied).

p.3
Survey Methodology and Sampling Techniques

What is the most ideal method for conducting the survey?

Conducting a census of all 3000 employees.

p.3
Descriptive Statistics: Measures of Central Tendency

What summary statistics might be used in the survey results?

Mean, standard deviation, 25th percentile, and 75th percentile.

p.31
Expected Value and Variance of Random Variables

What does the variance measure in the context of a discrete random variable?

It measures the dispersion of the variable.

p.22
Linear Functions of Random Variables

How is the monthly salary calculated if the basic salary is $20,000 and there is an allowance of $30 for each item sold?

Y = 20000 + 30X

p.22
Linear Functions of Random Variables

What is the formula for the range of Y in terms of the range of X?

Range(Y) = |b| * Range(X)

p.1
Course Overview and Objectives

What should students be able to do upon completion of the Elementary Statistics course?

Apply fundamental statistical skills in practice and analyze and present data using basic statistical methods.

p.14
Descriptive Statistics: Measures of Central Tendency

Can the mode be used in categorical data sets?

Yes, the mode can also be used in categorical data sets.

p.27
Random Variables: Discrete vs Continuous

What is an example of a numerical random variable when tossing a die?

The side that may face up.

p.32
Expected Value and Variance of Random Variables

How is the variance of X defined?

As the weighted average of the squared discrepancies between each possible outcome and its mean.

p.6
Survey Methodology and Sampling Techniques

What is an advantage of Simple Random Sampling?

It is easy to operate.

p.16
Descriptive Statistics: Measures of Variation

What affects the range of a data set?

Extreme values.

p.16
Descriptive Statistics: Measures of Variation

What do measures of central tendency and variation together provide?

A good picture of a data set.

p.12
Descriptive Statistics: Measures of Central Tendency

What is the formula for calculating the sample mean?

𝑥̅ = (Σ𝑥) / n.

p.32
Expected Value and Variance of Random Variables

What is the average number of books a reader borrows from the public library?

4.35 books.

p.30
Statistical Concepts and Terminology

What is the variable Y in the example?

The number of tourists, out of a group of 10, who will go to Ocean Park.

p.34
Expected Value and Variance of Random Variables

What is the variance of weekly profit (Var(Y))?

21237139 ($²).

p.7
Survey Methodology and Sampling Techniques

How do you select the first subject in systematic sampling?

Randomly from the first k employees using a random number table.

p.26
Probability and Probability Distributions

What are the key components used to summarize a numerical discrete variable?

Probability distribution function, expected value, variance, and standard deviation.

p.33
Probability and Probability Distributions

What is the probability distribution function for the number of 'PhotoC' sold?

x: 0, 1, 2, 3, 4, 5; p(x): 0.05, 0.22, 0.38, 0.24, 0.10, 0.01.

p.21
Descriptive Statistics: Measures of Central Tendency

What was the average number of items sold by a salesperson?

648.73 items.

p.33
Expected Value and Variance of Random Variables

What is the variance Var(X) of the weekly sales of 'PhotoC'?

1.1275 (items^2).

p.30
Statistical Concepts and Terminology

What percentage of individual tourists are expected to visit Ocean Park based on previous experience?

60%.

p.35
Expected Value and Variance of Random Variables

How is the variance of Y calculated when Y is a linear function of X?

Var(Y) = b²Var(X).

p.21
Descriptive Statistics: Measures of Central Tendency

What percentage of salespersons sold more than 904 items?

The top 10%.

p.5
Survey Methodology and Sampling Techniques

What are examples of a sampling frame?

Telephone directory, student registration list, employment record.

p.35
Expected Value and Variance of Random Variables

What is the variance of Y if Var(X) = 1.1275?

Var(Y) = 4340²Var(X) = 21237139 ($²).

p.22
Linear Functions of Random Variables

How can the percentile of Y be expressed in terms of the percentile of X?

Percentile pth (Y) = a + b * Percentile pth (X)

p.15
Descriptive Statistics: Measures of Variation

What does the 75th percentile represent?

The third quartile (Q3).

p.11
Statistical Concepts and Terminology

What are the categories used for gender?

'M' and 'F'.

p.1
Statistical Concepts and Terminology

What theorem is included in the course topics?

Central Limit Theorem.

p.19
Descriptive Statistics: Measures of Variation

What is the sample size (n) in the example?

15.

p.32
Expected Value and Variance of Random Variables

What is the formula for variance Var(X)?

Var(X) = E(X²) - E(X)².

p.27
Random Variables: Discrete vs Continuous

What defines discrete data?

Data that only takes place at particular values.

p.19
Descriptive Statistics: Measures of Variation

Why is the sample variance calculated using n - 1?

To make it the best estimator of the population variance.

p.12
Descriptive Statistics: Measures of Central Tendency

How is the sample mean calculated from the sales data example?

Sample mean = 648.73 items.

p.25
Probability and Probability Distributions

What is a sample space?

The collection of all possible events in an experiment.

p.34
Expected Value and Variance of Random Variables

What is the standard deviation of weekly profit (σ(Y))?

$4608.38.

p.25
Probability and Probability Distributions

What is the probability of observing an odd number when tossing a fair die?

P(odd) = 3/6 = 1/2.

p.18
Calculator Usage for Statistical Analysis

How can sample standard deviation be calculated besides using the formula?

By inputting the dataset into a calculator.

p.5
Survey Methodology and Sampling Techniques

What are the two main types of survey sampling methods?

Probability samples and non-probability samples.

p.24
Calculator Usage for Statistical Analysis

How can you change a data point on the Casio fx-50FH calculator?

Use ▲/▼ until you see the data point, then input the new value and press EXE.

p.24
Calculator Usage for Statistical Analysis

What is the process to delete a data point on the Casio fx-50FH calculator?

Use ▲/▼ until you see the data point, then press SHIFT and DT.

p.22
Linear Functions of Random Variables

What is the general form of a simple linear function?

Y = a + bX

p.10
Statistical Concepts and Terminology

What is a nominal categorical variable?

A variable with no natural order between categories.

p.22
Linear Functions of Random Variables

What is the relationship between the standard deviation of Y and the standard deviation of X?

SD(Y) = |b| * SD(X)

p.11
Statistical Concepts and Terminology

What are the categories for highest education level in order?

'Undergraduate', 'HKALE graduate', 'HKCEE graduate'.

p.16
Descriptive Statistics: Measures of Variation

What is the range in a data set?

The difference between the largest and smallest observations.

p.28
Probability and Probability Distributions

What are some methods to prepare a probability distribution function?

Theoretical approach, experiment, observation, survey, etc.

p.19
Descriptive Statistics: Measures of Central Tendency

What is the sample mean (𝑥̅) calculated in the example?

648.7333 items.

p.12
Descriptive Statistics: Measures of Central Tendency

What is the formula for calculating the population mean?

μ = (Σ𝑥) / N.

p.27
Random Variables: Discrete vs Continuous

What defines continuous data?

Data that covers a range of values.

p.23
Descriptive Statistics: Measures of Central Tendency

What was the mean monthly salary of the salesperson?

$39,461.90.

p.21
Descriptive Statistics: Measures of Central Tendency

What is the 25th percentile (Q1) in the example?

420 items.

p.23
Descriptive Statistics: Measures of Central Tendency

What is the median monthly salary of the salesperson?

$40,040.

p.24
Calculator Usage for Statistical Analysis

What is the first step to use the Casio fx-50FH calculator for descriptive statistics?

Change to 'SD' mode by pressing MODE twice and then SD.

p.8
Survey Methodology and Sampling Techniques

What is one advantage of stratified sampling?

It can avoid unbalanced selection.

p.23
Descriptive Statistics: Measures of Variation

What is the standard deviation of the monthly salary?

$6,886.20.

p.25
Probability and Probability Distributions

How many combinations are there when selecting 3 students from 10?

10 C 3 = 120 possible combinations.

p.26
Probability and Probability Distributions

What is the purpose of reading the probability density function?

To analyze a numerical continuous variable.

p.26
Probability and Probability Distributions

What can be calculated for a normal variable?

The probability function.

p.26
Probability and Probability Distributions

What does locating the normal score of a normal variable involve?

Identifying the position of a value within a normal distribution.

p.25
Probability and Probability Distributions

What is the probability of getting a 1 on the first toss and a 6 on the second toss of an unfair die?

P(first 1 and the second 6) = 0.0242.

p.13
Statistical Concepts and Terminology

What will be discussed in Chapter 3 regarding sample means?

The relationship between random sample means and the population mean.

p.2
Descriptive Statistics: Measures of Variation

How should the number 23.56474 be corrected to 4 decimal places?

23.5647.

p.10
Statistical Concepts and Terminology

In the provided survey example, what type of variable is 'Gender'?

Categorical variable (Nominal).

p.22
Linear Functions of Random Variables

How is the variance of Y calculated in terms of the variance of X?

Variance(Y) = b² * Variance(X)

p.11
Statistical Concepts and Terminology

What type of variable is the highest education level?

Categorical variable.

p.16
Descriptive Statistics: Measures of Variation

How is the range calculated?

Range = Maximum data – Minimum data.

p.1
Statistical Concepts and Terminology

What is one of the topics related to data analysis covered in the course?

Estimation.

p.19
Descriptive Statistics: Measures of Variation

What is the sample variance (𝑠²) calculated in the example?

52690.50 items².

p.32
Expected Value and Variance of Random Variables

What is the variance of the number of books borrowed from the library?

1.8075.

p.23
Descriptive Statistics: Measures of Central Tendency

What is the formula for calculating the monthly salary of a salesperson?

Y = 20000 + 30X, where X is the number of items sold.

p.19
Descriptive Statistics: Measures of Variation

Why is standard deviation more commonly used than variance?

Because it is in the original units of the data.

p.7
Survey Methodology and Sampling Techniques

What is the first step in the systematic sampling process?

Assign unique identity numbers to each employee.

p.29
Probability and Probability Distributions

What is the probability distribution function for a fair die?

Each outcome (1 to 6) has a probability of 1/6.

p.33
Expected Value and Variance of Random Variables

What is the target average weekly profit for the photocopier 'PhotoC'?

$5000.

p.34
Expected Value and Variance of Random Variables

What is the helpful financial formula for profit?

Profit = Revenue - Cost.

p.20
Descriptive Statistics: Measures of Variation

What is an example of a symmetric distribution?

The height of a 10-year-old boy.

p.3
Descriptive Statistics: Measures of Central Tendency

How can a numerical dataset be presented?

Using mean, mode, percentile, range, inter-quartile range, variance, standard deviation, and skewness.

p.23
Descriptive Statistics: Measures of Variation

What is the variance of the monthly salary?

47419749.00 ($^2$).

p.35
Expected Value and Variance of Random Variables

What is the formula for the expected value of Y when Y is a linear function of X?

E(Y) = a + bE(X), where Y = a + bX.

p.33
Expected Value and Variance of Random Variables

What are the basic expenses contributed to selling 'PhotoC'?

$3500.

p.33
Expected Value and Variance of Random Variables

What is the selling price of each 'PhotoC'?

$5340.

p.21
Descriptive Statistics: Measures of Central Tendency

What is the median number of items sold?

668 items.

p.10
Statistical Concepts and Terminology

What does a categorical variable consist of?

Data that consists of names representing categories.

p.10
Statistical Concepts and Terminology

What is an ordinal categorical variable?

A variable where there exists a natural order between categories.

p.15
Descriptive Statistics: Measures of Variation

What does the 25th percentile represent?

The first quartile (Q1).

p.11
Statistical Concepts and Terminology

What scale is the highest education level measured on?

Ordinal scale.

p.34
Expected Value and Variance of Random Variables

What is the function that represents weekly profit in terms of sales?

Y = f(X) = 4340X - 3500.

p.8
Survey Methodology and Sampling Techniques

What is the major idea behind stratified sampling?

To ensure the same proportion of representatives in each of the strata.

p.25
Probability and Probability Distributions

What is probability?

The likelihood or chance that a particular event will occur.

p.19
Descriptive Statistics: Measures of Variation

What does the variance represent in terms of units?

Squared units of the original data, e.g., squared dollars.

p.7
Survey Methodology and Sampling Techniques

What is the calculated value of k in the example?

k = 6.

p.18
Descriptive Statistics: Measures of Variation

What does (x - μ)² measure?

The square difference of the data point to the mean.

p.30
Probability and Probability Distributions

What is the probability of exactly 5 tourists visiting Ocean Park?

0.201.

p.3
Statistical Concepts and Terminology

What is the difference between numerical and categorical variables?

Numerical variables represent measurable quantities, while categorical variables represent categories or groups.

p.29
Probability and Probability Distributions

What were the frequencies observed when tossing a die 100 times?

1: 18, 2: 12, 3: 32, 4: 16, 5: 12, 6: 10.

p.5
Survey Methodology and Sampling Techniques

What is a sample?

A portion of the population selected for analysis.

p.21
Descriptive Statistics: Measures of Variation

What is the standard deviation of items sold?

229.54 items.

p.31
Expected Value and Variance of Random Variables

How is the expectation of a discrete random variable X denoted?

It is denoted by μX or E(X).

p.31
Expected Value and Variance of Random Variables

What does the mean of X represent in the long run?

It represents the average value of X.

p.5
Survey Methodology and Sampling Techniques

Why is an updated sampling frame important?

It ensures every element has a chance to be selected for probability samples.

p.13
Survey Methodology and Sampling Techniques

What is the goal of selecting a 'good representative' sample?

To ensure the sample mean is reasonably close to the unknown population mean.

p.2
Descriptive Statistics: Measures of Variation

To how many decimal places should answers be corrected when necessary?

4 decimal places.

p.35
Expected Value and Variance of Random Variables

What is the average weekly profit gained by selling PhotoC?

The average weekly profit is $5831.

p.15
Descriptive Statistics: Measures of Variation

What if the index i is an integer?

The p-th percentile is the average of the values at the i-th and (i+1)-th positions.

p.11
Statistical Concepts and Terminology

What is the population size denoted by?

N (N = 3000).

p.26
Probability and Probability Distributions

What is used to summarize a Binomial variable?

Probability distribution function, expected value, variance, and standard deviation.

p.29
Probability and Probability Distributions

How can we generate the probability distribution function for the number of books borrowed from a library?

By using the relative frequency from the library's borrowing records.

p.29
Probability and Probability Distributions

What is the probability distribution function for the number of books borrowed (1 to 8)?

1: 0.02, 2: 0.07, 3: 0.15, 4: 0.28, 5: 0.33, 6: 0.10, 7: 0.03, 8: 0.02.

p.25
Probability and Probability Distributions

What is the empirical probability of observing an odd number when tossing an unfair die?

P(odd) = 0.4333.

p.24
Calculator Usage for Statistical Analysis

How do you input frequency for multiple observations on the Casio fx-50FH calculator?

Input the repeated value followed by SHIFT, then 4, and DT.

p.31
Expected Value and Variance of Random Variables

What is the significance of the probabilities in the expectation formula?

They act as weights for the outcomes in the calculation of the expected value.

p.35
Expected Value and Variance of Random Variables

What is the standard deviation of Y if σ(X) = 1.0618?

σ(Y) = |4340|σ(X) = $4608.38.

p.15
Descriptive Statistics: Measures of Variation

What is the 40th percentile in the given example?

574.5 items.

p.11
Statistical Concepts and Terminology

What type of variable is gender in this context?

Categorical variable.

p.22
Linear Functions of Random Variables

How is the interquartile range (IQR) of Y related to the IQR of X?

IQR(Y) = |b| * IQR(X)

p.15
Descriptive Statistics: Measures of Variation

What is the 90th percentile in the given example?

904 items.

Study Smarter, Not Harder
Study Smarter, Not Harder