General Definitions Flashcards
DCOVA Framework
Define, Collect, Organize. Visualize, Analyze data.
What are data?
In statistics, data are “the values associated with a trait or property that help distinguishing the occurrences of something”.
Variable
A characteristic of an item or individual.
Descriptive Statistics
Refer to methods that primarily help summarize and present data.
Inferential Statistics
Refer to methods that use data collected from a small group to reach conclusions about a larger group.
Big Data
The collections of data that cannot be easily browsed or analyzed using traditional methods.
Categorical Variables
Take categories as their values (also known as qualitative variables)
Numerical Variables
Have values that represent a counted or measured quantity (also known as quantitative variables).
Discrete Variables
(Numerical variables) Are numerical values that arise from a counting process (e.g. total amount paid).
Continuous Variables
(Numerical variables) Are numerical values that arise from a measuring process and those values depend on the precision of the measuring instrument used (e.g. distance form home to store).
Primary Data Source
Data collected on your own.
Secondary Data Source
Data collected by someone else.
Population
Consists of all the items or individuals about which you want to reach conclusions.
Parameter
When you analyze data from a population you compute a parameter.
Sample
A portion of a population selected for analysis.