STATISTICS RULE COPIED! 📊
Statistics Key Concepts 📊
x̄
Mean
The average. Calculated by summing all values and dividing by the count.
x̃
Median
The middle value in a sorted data set. Splits the data into two equal halves.
Mo
Mode
The value that appears most frequently in a data set. Can have more than one!
σ
Std. Deviation
Measures how spread out the numbers are from the mean value.
σ²
Variance
The average of the squared differences from the Mean.
R
Range
The difference between the highest and lowest values in a data set.
Σ
Summation
A Greek letter used to represent the sum of a sequence of numbers.
!
Outlier
A data point that differs significantly from other observations.
∩
Normal Dist.
The "Bell Curve" where most data clusters around the central peak.