BMS2043 - Statistics and Data Analysis: Probability and Odds

CongratulatoryIntelligence5915 avatar
CongratulatoryIntelligence5915
·
·
Download

Start Quiz

Study Flashcards

23 Questions

What is the theoretical basis of statistics?

Probability theory

In probability theory, what does the scale of probability range from?

0 to 1

What is the measure of likelihood of an event in probability theory?

Probability

Which branch of statistics deals with the scale ranging from 0 to 1?

Probability theory

What is the probability of an event that has a 0.7 odds of occurring?

0.4118

If the probability of an event is 0.25, what are the odds of the event occurring?

1:4

A horse has won 40 out of 100 races. What is the horse's probability of winning a race?

0.4

If the probability of an event is 0.8, what are the odds of the event occurring?

4:1

What does the Positive Predictive Value (PPV) measure?

The proportion of true positives in a population

If a blood test has a PPV of 0.95, what does this indicate?

95% of people with a positive blood test have Disease X

What does the Negative Predictive Value (NPV) measure?

The proportion of true negatives in a population

If a blood test has an NPV of 0.957, what does this indicate?

95.7% of people with a negative blood test do not have Disease X

Sensitivity is calculated as True Positives divided by the sum of True Positives and False Negatives.

True

Sensitivity measures the ability of a test to correctly identify those WITHOUT Disease X.

False

A sensitivity of 0.924 indicates that the blood test identified 92.4% of those WITHOUT Disease X.

False

A high standard deviation indicates that the data are tightly grouped and have very similar values.

False

The standard error of the mean (SEM) measures the variability within a single sample.

False

Skewness is used to measure the degree of symmetry of a distribution.

False

Kurtosis in the normal curve indicates a perfectly symmetrical distribution.

False

The Positive Predictive Value (PPV) for a blood test is calculated as True Positives / (True Positives + False Positives).

True

The Negative Predictive Value (NPV) for a blood test is calculated as True Negatives / (True Negatives + False Negatives).

True

If a blood test has a PPV of 0.95, it means that 95% of those with a positive blood test are identified as having Disease X.

True

The blood test's ability to identify 95.7% of those with a negative blood test as not having Disease X indicates a high Negative Predictive Value (NPV).

True

Study Notes

  • Probability is a measure of likelihood of an event, ranging from 0 to 1.
  • Odds are defined as probability of an event divided by the probability of it not occurring.
  • If probability of an event is p, odds are p/(1-p).
  • Odds can be expressed as a number or as a ratio.
  • For example, a horse that has won 60 out of 100 races has a probability of 0.6 and odds of 3:1.
  • In statistics and data analysis, probability plays a significant role.
  • Probability is used in diagnostic tests and their predictive values.
  • Study designs include experimental studies, observational studies, cohort studies, and cross-sectional studies.
  • Data distributions have characteristics such as mean, standard deviation (SD), and standard error of the mean (SEM).
  • High SD indicates a very spread-out data while low SD means the data are tightly grouped.
  • SEM measures the variability across many samples in a population.
  • Skewness is used to measure the degree of asymmetry of a distribution, and kurtosis quantifies the degree of distortion from the normal distribution.
  • In the context of statistics, probability and related concepts are crucial for understanding data and making informed decisions.

Test your understanding of probability and odds with this quiz. Explore concepts such as event probability, population relative frequency, and interpreting statistical information.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Use Quizgecko on...
Browser
Browser