Introduction to Statistics Flashcards
statistics is derived from Latin word
status
status means
state
its early uses involved compilation of data and graphs describing various aspects of the state or country
statistics
actual
numbers derived from data a
statistics
method of analyzing and
interpreting data.
statistics
is a science which deals with the collection, presentation, analysis,
and interpretation of quantitative data
statistics
a collection of quantitative
data, such as statistics of crimes, statistics on enrollment, statistics on unemployment, and the like.
statistics
example of use of statistics
surveys
consumer preference
experiments
sampling
economics
It deals with the methods of organizing, summarizing and presenting a mass of data so as
to yield meaningful information.
descriptive statistics
It deals with making generalizations about a body of data where only a part of it is
examined. This comprises methods concerned with the analysis of a subset of data leading
to predictions or inferences about the entire set of data
inferential statistics
is the set of all individuals or entities under consideration or study. It may be
a finite or infinite collection of objects, events, or individuals, with specified class or
characteristics under consideration.
population
is a characteristic of interest measurable on each and every individual in the
population, denoted by any capital letter in the English alphabet.
variable
types of variable
qualitative
quantitative
consists of categories or attributes, which have non-numerical
characteristics.
qualitative variable
consists of numbers representing counts or measurements
quantitative variable
classification of quantitative variable
discrete
continuous
results from either a finite number of possible values or a
countable number of possible values
discrete
e results from infinitely many possible values that can
be associated with points on a continuous scale in such a way that there are no gaps or
interruptions
continuous quantitative variable
is part of the population or a sub-collection of elements drawn from a population
sample
is a numerical measurement describing some characteristic of a population
parameter
c is a numerical measurement describing some characteristic of a sample
statistic
is often conducted to gather opinions or feedbacks about a variety of topics
survey
most often simply referred to as census, is conducted by gathering
information from the entire population
census survey
most often simply referred to as survey, is conducted by gathering
information only from part of the population
sampling survey