Introduction Flashcards
Set of numerical data
Statistics
Branch of science which deals with the collection, presentation, analysis and interpretation of data
Statistics
Statistics aids in decision making
Nature
Statistics summarizes data for public use
Nature
Methods concerned with the collection, description and analysis of a set of data without drawing conclusions or inferences about a larger set
Descriptive Statistics
Methods concerned with making predictions or inferences about a larger set of data using only the information gathered from a subset of this larger set
Inferential Statistics
Is all elements under consideration
Population
Part or subject of the population
Sample
Numerical characteristics of the sample
Statistic
Means the raw data
Primary Data
Readily Available
Secondary Data
Characteristics of objects, people or events that does not vary
Constant Data
Characteristics that varies or have different value
Variable Data
Categorical
Qualitative Variable of Data
Numerical Data
Quantitative Variable of data