Chapter 1 Flashcards
Statistics
is the science of data. It involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical and categorical information
Descriptive statistics
utilizes numerical and graphical methods to explore data….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
Inferential Statistics
utilizes sample data to make estimates, decisions, predictions, or other generalizations about a larger set of data
Experimental(or observational unit)
is an object (e.g. person, thing, transaction, or event) upon which we collect data
Population
is a set of units ( usually people, objects, transactions, or events) that we are interested in studying
Variable
is a characteristic or property of an individual experimental (or observational) unit
Sample
is a subset of the units of a population
Statistical inference
is an estimate or prediction or some other generalization about a population based on information contained in a sample
Four Elements of Descriptive Statistical Problems
- the population or sample of interest
-one or more variables that are to be investigated
(characteristics of the population or experimental units) - tables, graphs, or numerical summary tools
- identification of patterns in the data
Five Elements of Inferential Statistical Problems
- the population of interest
- one or more variables to be investigated
- the sample of population units
- the inference about the population based on information contained in the sample
- measure of reliability for the sample
Sample
any set of output (objects or numbers) produced by a process
Quantitative Data
are measurements that are recorded on a naturally occurring numerical scale
Qualitative Data
are measurements that cannot be measured on a natural numerical scale; they can only be classified into one of a group of categories
Representative Data
exhibits characteristics of those possessed by the population of interest
Simple Random Sample
of n experimental units is a sample selected from the population in such a way that every different sample of size n has an equal chance of selection