What is the expected value in probability?

AP Stats Chapter 1&4 Test Review

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Mathematics
•
11th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
The expected value is the long-term average or mean of a random variable, calculated as the sum of all possible values, each multiplied by its probability of occurrence.
2.
FLASHCARD QUESTION
Front
Define standard deviation in statistics.
Back
Standard deviation is a measure of the amount of variation or dispersion in a set of values. A low standard deviation indicates that the values tend to be close to the mean, while a high standard deviation indicates that the values are spread out over a wider range.
3.
FLASHCARD QUESTION
Front
What is a simple random sample (SRS)?
Back
A simple random sample is a subset of individuals chosen from a larger set, where each individual has an equal chance of being selected.
4.
FLASHCARD QUESTION
Front
Explain the concept of a cluster sample.
Back
A cluster sample is a sampling technique where the population is divided into clusters (groups), and a random sample of these clusters is selected. All individuals within the chosen clusters are then included in the sample.
5.
FLASHCARD QUESTION
Front
What is a stratified sample?
Back
A stratified sample is a sampling method where the population is divided into subgroups (strata) that share similar characteristics, and random samples are taken from each stratum.
6.
FLASHCARD QUESTION
Front
Define categorical variable.
Back
A categorical variable is a type of variable that can take on one of a limited, fixed number of possible values, assigning each individual or other unit of observation to a particular group or nominal category.
7.
FLASHCARD QUESTION
Front
What is a quantitative variable?
Back
A quantitative variable is a type of variable that can be measured and expressed numerically, allowing for mathematical operations.
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