A distribution with a positive ________ has a long tail in the positive direction.
- Kurtosis
- Mean
- Median
- Skewness
A distribution with positive skewness is said to be positively skewed or right-skewed, which means it has a long tail in the positive direction on the number line.
What is the key difference between a discrete and a continuous random variable?
- Discrete variables are predictable, continuous variables are not
- Discrete variables can only take on a countable number of values, continuous variables can take on any value within a certain range
- Discrete variables can take on any value, continuous variables can take on only integer values
- There's no difference between discrete and continuous random variables
Discrete random variables are variables that can only take on a countable number of values, such as integers, while continuous random variables can take on any value within a certain range or interval.
When would you prefer to use the median instead of the mean as a measure of central tendency?
- When the data has outliers
- When the data is in large quantity
- When the data is normally distributed
- When the data is uniformly distributed
The median is preferred over the mean when our data is skewed or has outliers. Outliers can greatly affect the mean and create a distorted view of the data, but the median is not affected by outliers or skewed data. The median is the middle score for a set of data that has been arranged in order of magnitude, making it a better measure when dealing with skewed distributions.
Why is the assumption of independently and identically distributed (IID) residuals important in linear regression?
- It ensures that the model is not overfitting
- It ensures that the model is not underfitting
- It ensures that the parameter estimates are unbiased
- It ensures the correctness of standard errors and hypothesis tests
The assumption of IID residuals is important because it ensures that standard errors, confidence intervals, and hypothesis tests are valid. If this assumption is violated, these statistics may be incorrect, leading to misleading results.
What is the purpose of the 'whiskers' in a box plot?
- To represent the outliers
- To represent the range of the data
- To show the interquartile range
- To show the mean and median
The 'whiskers' in a box plot represent the range of the data. The upper whisker extends to the maximum data value or up to 1.5 times the interquartile range (IQR), while the lower whisker extends to the minimum data value or up to 1.5 times the IQR. Any data points beyond the whiskers can be considered outliers.
What is the probability of an impossible event?
- 0
- 1
- Infinity
- Undefined
The probability of an impossible event is 0. In the probability scale, 0 denotes impossibility, while 1 denotes certainty. An event with a probability of 0 is said to be impossible because it cannot happen.
What is a cumulative distribution function?
- It is the function that maps values to their percentile rank in a distribution
- It is the function that shows the cumulative probability associated with a function
- It is the maximum value a random variable can take
- It is the minimum value a random variable can take
The cumulative distribution function (CDF) of a random variable is the probability that the variable takes a value less than or equal to a certain value. The CDF of a function increases monotonically, and its limit is one as it approaches positive infinity.
In a skewed distribution, the ________ tends to get pulled in the direction of the skew.
- Mean
- Median
- Mode
- nan
In a skewed distribution, the mean tends to get pulled in the direction of the skew. Since the mean involves every value in the distribution, extreme values (values far from the others) have a big influence. This results in skewness where the mean is drawn towards the tail, and is a common occurrence in distributions that are not symmetric.
What is the significance of the 68-95-99.7 rule in a normal distribution?
- It refers to the kurtosis of the distribution
- It refers to the outliers in the distribution
- It refers to the percentage of data within 1, 2, and 3 standard deviations of the mean
- It refers to the skewness of the distribution
The 68-95-99.7 rule, also known as the empirical rule, states that for a normal distribution, 68% of the data fall within one standard deviation of the mean, 95% fall within two standard deviations, and 99.7% fall within three standard deviations. This rule provides a quick estimate of the probability of a certain event within the distribution.
What does ANOVA stand for?
- Analysis Of Variance
- Analysis Of Vitality
- Average Of Variance
- nan
ANOVA stands for Analysis Of Variance. It's a statistical technique used to check if the means of two or more groups are significantly different from each other.