Statistics for Business

Appendix I:Key Terminology andFormula in Statistics

Expressions and formulas presented in bold letters in the textbook can be found in this section in alphabetical order. In this listing when there is another term in bold letters it means it is explained elsewhere in this Appendix I. At the end of this listing is an explanation of the symbols used in this equation. Further, if you want to know the English equivalent of those that are Greek symbols, you can find that in Appendix III.

A priori probability  is being able to make an estimate of probability based on information already available.

Absolute  in this textbook context implies presenting data according to the value collected.

Absolute frequency histogram  is a vertical bar chart on x