Variables
:#
of columns .
skewed left :
median > mean
observations
:#Of rows •
z
-
score :
.
nominal :
labels
zi =
×i -
I
.
ordinal :
ranking
s
.
interval
:# ,
0 doesn't matter
.
Chebyshev 's Theorem :
At least
.
ratio :#
,
zero matters ( I -
z÷ ) of data values must be
.
relative freq .
= ¥9
'
Within ± zstd .
dev .
of the mean
.
percent freq .
= fr#
'
×
100.1 .
•
Empirical Rule : 681 .
Wlih 1 Stolidly
.
sample mean : It
× 't×z+ .
. .×n 95% Wlih 2 ,
99.71 . Wlih 3
n
.
population covariance :
.
Population mean
:µ=×=×2tI×no×y=
E ( Xi
-
Mx )( Yi -
My )
N N
.
Weighted mean
:I=€w-i××
•
sample covariance :
if Wi
s×y=
E ( Xi -
F) ( yi
-
g )
.
Outlier : 1. SIQR or 2- score
n -
I
I 131
°
If Sxy > 0 :
POS rel .
, Sxyc 0 :
neg .
.
median : middle rel .
, s×y=O : no re
.
mode :
Most
•
population Correlation :
'
Compute pth percentile Cxy =
8××8y
-
i = ( do )n
•
permutation :
order matters ;
-
if i is not integer →
roundup PF :¥s :
-
if i is
integer , avg . of xid
°
Combination :
order doesn't
Xiii matter ;
Cnr =
rein
.
1QR=Q3 -
QI
•
U =
"
Or
"
Population variance : on =
"
and
"
g2=
IF ( xi
-
M )2 .
PCA ) +
PCAC )=|
N .
PCAUB )=P( A) + PC B )
-
PCANB )
•
sample variance :
•
Mutually exclusive : PCANB )=O
sz =
I. ( xi -
E)
2
.
PCAIB ) = PIES,B
'
n -
1
.
PC An B) =
PCB ) .
PCAIB )
°
standard deviation : =
Pla ) .
PCBIA )
not or is •
independent events : PCAIB )=P( A )
°
coefficient of Variation : ↳ PCANB )=P( A ) .
P ( B )
( ✓ =
standard dev .
× 100%
•
PC B) =
FPCBIAI ) PCAI )
mean °
Bayes
'
Rull
PC A. 1
B) =
P
!LBTB
)
=
PCBIA , )p( A ,
)
•
Skewed right :
Mldh ) Median PCBIA ,
) PLA ,
]+PLBlA2)PLAz )
•
PC B) =P ( BIA ,
)P( A.) + PCBIAZ )P( Az )

Statistics for Economics Midterm 1 Cheat Sheet

  • 1.
    Variables :# of columns . skewedleft : median > mean observations :#Of rows • z - score : . nominal : labels zi = ×i - I . ordinal : ranking s . interval :# , 0 doesn't matter . Chebyshev 's Theorem : At least . ratio :# , zero matters ( I - z÷ ) of data values must be . relative freq . = ¥9 ' Within ± zstd . dev . of the mean . percent freq . = fr# ' × 100.1 . • Empirical Rule : 681 . Wlih 1 Stolidly . sample mean : It × 't×z+ . . .×n 95% Wlih 2 , 99.71 . Wlih 3 n . population covariance : . Population mean :µ=×=×2tI×no×y= E ( Xi - Mx )( Yi - My ) N N . Weighted mean :I=€w-i×× • sample covariance : if Wi s×y= E ( Xi - F) ( yi - g ) . Outlier : 1. SIQR or 2- score n - I I 131 ° If Sxy > 0 : POS rel . , Sxyc 0 : neg . . median : middle rel . , s×y=O : no re . mode : Most • population Correlation : ' Compute pth percentile Cxy = 8××8y - i = ( do )n • permutation : order matters ; - if i is not integer → roundup PF :¥s : - if i is integer , avg . of xid ° Combination : order doesn't Xiii matter ; Cnr = rein . 1QR=Q3 - QI • U = " Or " Population variance : on = " and " g2= IF ( xi - M )2 . PCA ) + PCAC )=| N . PCAUB )=P( A) + PC B ) - PCANB ) • sample variance : • Mutually exclusive : PCANB )=O sz = I. ( xi - E) 2 . PCAIB ) = PIES,B ' n - 1 . PC An B) = PCB ) . PCAIB ) ° standard deviation : = Pla ) . PCBIA ) not or is • independent events : PCAIB )=P( A ) ° coefficient of Variation : ↳ PCANB )=P( A ) . P ( B ) ( ✓ = standard dev . × 100% • PC B) = FPCBIAI ) PCAI ) mean ° Bayes ' Rull PC A. 1 B) = P !LBTB ) = PCBIA , )p( A , ) • Skewed right : Mldh ) Median PCBIA , ) PLA , ]+PLBlA2)PLAz ) • PC B) =P ( BIA , )P( A.) + PCBIAZ )P( Az )