Chapter 1 - Class 1 Flashcards
What are statistics?
when were collecting, analyzing, and drawing conclusions
What do statistics assign a degree of?
a degree of certainty
What does statistics quantify the level of?
uncertainty from range and probability
What are the two categories of statistics?
the two categories of statistics are descriptive and inferential stats
What are descriptive stats?
organizing and summarizing numbers using charts, numbers, graphs with already known data
What is inferential statistics?
making conclusions based on a population
What techniques do inferential stats use?
estimation (degree of uncertainty) and hypothesis testing
What does descriptive stats illustrate?
average and variation
What is a statistical population?
all individuals for which we have an interest concerning some property
What is a census?
using all people in a population and surveying/testing them in some way (ACCURATE)
What is a sample?
involves a portion of the population since true values of population characteristics are usually unknown
What is random sampling?
to avoid bias, the population should represent our hypothesis and has an equal chance of being selected and that selection of each individual has no effect on the chance of selecting another individual (rock paper scissors, we are effected by the outcome of our choice and influenced by it for the next move)
What is precision?
how close you are to your other numbers
What is accuracy?
how close you are to the true value
What does it mean for a sample to be biased during accuracy testing?
when the sample produces too high or too low of values to the correct value