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Statistics for Economics, Second Edition by Shahdad Naghshpour

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Glossary

Bar graph is a graphical representation of the frequency distribution or relative frequency distribution of qualitative data.

Binomial distribution function is a probability distribution representing a dichotomous variable with a constant probability of occurrence.

Box plot is a graphical representation of several basic descriptive statistics in a concise manner.

Categorical variable contains qualitative values.

Center of gravity of the data is the same as the expected value, or mean.

Central limit theorem states that in repeated random samples from a population, the sample means will have a normal distribution function; the expected value of the sample mean is equal to the true value of the population mean, and the variance of the sample ...

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