Chapter 1-1 Descriptive and Inferential Statistics Flashcards
Variable
A characteristic or attribute that can assume different values
Data
The values (measurements or observations) that the variables can assume
Random Variables
Variables whose values are determined by chance
Data Set
A collection of data values
Data Value or Datum
Each value in the data set
Descriptive Statistics
Consists of the collection, organization, summarization and presentation of data
Inferential Statistics
Consists of generalizing from samples to populations, performing estimations and hypothesis test, determining relationships among variables and making predictions
Probability
The chance of an event occurring
Population
Consists of all subjects (human or otherwise) that are being studied
Sample
A group of subjects selected from a population
Hypothesis Testing
A decision-making process for evaluating claims about a population, based on information obtained from samples
Statistics
The science of conducting studies to collect, organize, summarize, analyze, and draw conclusions from data