Preview

Basic Statistics

Good Essays
Open Document
Open Document
730 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Basic Statistics
Statistics is the study of the collection, organization, analysis, interpretation, and presentation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments.

The word statistics, when referring to the scientific discipline, is singular, as in "Statistics is an art. "This should not be confused with the word statistic, referring to a quantity (such as mean or median) calculated from a set of data, whose plural is statistics ("this statistic seems wrong" or "these statistics are misleading").

3 Aspects of Statistics -

~Descriptive statistics - Presenting and visualizing data
~Inferential statistics -Generalizing from samples to populations & Quantifying the extent to which observations can be generalized.
~Hypothesis Testing - Quantifying the extent to which experiments support stated hypothesis.

Levels of measurements - There are four main levels of measurement used in statistics: nominal, ordinal, interval, and ratio.[16] Each of these has different degrees of usefulness in statistical research. Ratio measurements have both a meaningful zero value and the distances between different measurements defined; they provide the greatest flexibility in statistical methods that can be used for analyzing the data.[citation needed] Interval measurements have meaningful distances between measurements defined, but the zero value is arbitrary (as in the case with longitude and temperature measurements in Celsius or Fahrenheit). Ordinal measurements have imprecise differences between consecutive values, but have a meaningful order to those values. Nominal measurements have no meaningful rank order among values.

Because variables conforming only to nominal or ordinal measurements cannot be reasonably measured numerically, sometimes they are grouped together as categorical variables, whereas ratio and interval measurements are grouped together as quantitative variables, which can be

You May Also Find These Documents Helpful

  • Good Essays

    Determine which level of measurement— nominal, ordinal, interval, or ratio—is used in the following examples.…

    • 723 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Qnt 351 Week 1 Assignment

    • 390 Words
    • 2 Pages

    Also there are Inferential statistics that utilizes sample data to make estimates, decisions, predictions, or other generalizations about a larger set of data. There are 5 elements of inferential statistical problems: The population of interest, one or more variables (characteristics of the population units) that are to be investigated, the sample of population units, the inference about the population based on information contained in the sample, and a measure of reliability for the inference.…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The meaning of statistics to me means, to collect, organize, and analyze a set of information that has been gathered. Though the definition in statistics in our reading material stats that it is the science of data, that involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information. There are a lot of different types of statistics that you can use like descriptive statistics that utilizes numerical and graphical methods to look for a set of data patterns. There is also the inferential statistics that utilizes sample data to make estimates, decisions, predictions, or any other type of larger set of data.…

    • 308 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Week 1 Qnt 351

    • 592 Words
    • 3 Pages

    Statistics is defined in Statistics for Business and Economics, as the science of data. Involves collecting, classifying, organizing, analyzing, and interpreting numerical information. Statistics is more than just looking at numbers, there is a process involved in obtaining the numerical information. Statistical thinking is helpful as well. This involves applying rational thought and the science of statistics to critically assess data and inferences. It is important to keep in mind that variations exist in populations and processed data.…

    • 592 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Population and Sampling

    • 737 Words
    • 3 Pages

    Statistical data dates back to as early as Ancient Greek time, where it was introduced by John Graunt, William Petty and Pascal in the 16th century. It was then re-introduced by Gottfriend Achenwall in the 17th century. This was a very exciting time for scientists, astronomers and physicists alike as it raised the confidence and knowing that the laws of nature were not of divine intervention. As the years went on, new mathematical discoveries were made such as census data, economy, mortality demographics, and the International Statistical Congresses, which all led to changing its name to “statistics”.…

    • 737 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Business Analysis

    • 2752 Words
    • 12 Pages

    You take a random sample of 100 students at your university and find that their average GPA is 3.1. If you use this information to help you estimate the average GPA for all students at your university, then you are doing what branch of statistics?…

    • 2752 Words
    • 12 Pages
    Better Essays
  • Good Essays

    It is also used to describe statistical populations => a group of similar thing that scientists interested in learning about…

    • 767 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Statistics are broken into two sections, descriptive statistics and inferential statistics. Descriptive statistics uses numerical and geographical methods to search for patters in a particular data set, to summarize the information found in a data set, and to present the information in a convenient manner. Inferential statistics utilizes sample data to make estimates or decisions about a particular set of data. Sample data, also referred to as sampling, is when information is extracted from a particular set of data of assist is gathering an average to support your conclusion. For example, you may want to know how many married couples live in a specific area in search for sustainability of a fancy new restaurant. This information can be extracted from census surveys or other broad sets of data. Data is further broken down into two types, qualitative and quantitative. Quantitative data is measured on a numerical score and can be counted, while qualitative cannot be measured numerically, but placed in groups. Statistics, both descriptive and inferential are broken down into either qualitative or quantitative data.…

    • 534 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    week 1 essay

    • 448 Words
    • 2 Pages

    The different types of statistics are broken down into two forms. The first is the descriptive statistics. Descriptive statistics utilizes numerical and graphical methods to look for patterns in a data set, to summarize the information revealed in a data set, and to present the information in a convenient form, (McLaven, Benson, & Sincich, 2011). An example of descriptive statistics is gathering all the credit card sales in a given year and breaking it down into what credit card was used and how often. The second type is inferential statistics. Inferential statistics utilizes sample data to make estimates, decisions, predictions, or other generalizations about a larger set of data., (McLaven, Benson, & Sincich, 2011). An example of inferential statistics was given in the textbook about gathering the performance of 500 large companies and comparing that to the CEO’s salary. Once they have the information the efficiency of a CEO can be determined by the rating. Someone who might be searching for an effective CEO candidate can use this type of information.…

    • 448 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    "Statistics is a mathematical science pertaining to collection, analysis, interpretation and presentation of data" (Wikipedia contributors, 2006). Statistics are a valuable kind of information because they can provide data for making comparisons and determining trends. There are many uses for statistics, "but perhaps its most important purpose is to help us make good decisions about issues that involve uncertainty" (Bennett, Briggs, & Triola, 2003, p. 8).…

    • 1037 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    ACCORDING TO CROXTON & COWDEN- “STATISTICS IS THE SCIENCE OF COLLECTION, PRESENTATION, ANALYSIS & INTERPRETATION OF NUMERICAL DATA FROM LOGICAL ANALYSIS.”…

    • 996 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Statistics is the area of mathematics we use to explore and try to explain the uncertain world in which we live. You may be familiar with the use of statistics in opinion polls and market research, but it is also central to the manufacture and testing of many products, and, in particular, showing that modern drugs used in the treatment of disease in humans and animals are effective and safe.…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    There are diverse types and levels of statistics identified. For instance, a descriptive statistic “utilizes numerical and graphical methods to look for patterns in the data set, to summarize the information revealed in the data set, and to present the information in a convenient form (McClave, Benson, & Sincich, 2011).” Second, inferential statistic “utilizes sample data to create estimates, predictions, decisions or other generalizations about a larger set of data (McClave, Benson, & Sincich, 2011).”…

    • 450 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Inferential statistics is concerned with making predictions or inferences about a population from observations and analyses of a sample. That is, we can take the results of an analysis using a sample and can generalize it to the larger population that the sample represents. In order to do this, however, it is imperative that the sample is representative of the group to which it is being generalized.…

    • 423 Words
    • 2 Pages
    Good Essays
  • Good Essays

    MB0040 Statistics Management

    • 3621 Words
    • 14 Pages

    Defination of statistics. “Statistics is a science which deals with the method of collecting, classifying, presenting, comparing and interpreting the numerical data to throw light on enquiry”. – Seligman…

    • 3621 Words
    • 14 Pages
    Good Essays

Related Topics