Introduction to statistics Flashcards
Correlation and regression, index numbers, time series analysis.
Finance
Hypothesis testing, chi square tests, non parametric statistics.
Personel
Hypothesis testing, estimation, analysis of variance, time series analysis.
Operating management
The science of collecting describing and interpreting data.
Statistics
Collection, presentation, and description of sample data.
Descriptive Statistics
Making decisions and drawing conclusions about the population.
Inferential Statistics
Estimate the population mean weight using the sample mean weight.
Estimation
Test the claim that the population mean weight is 70kg.
Hypothesis Testing
Is the process of drawing conclusions or making decisions about a population based on sample result
Inferences
Are collected specifically for the analysis desired.
Primary data
Have already been compiled and are available for statistical analysis.
Secondary data
The collection of data that are relevant to the problem being studied is commonly the most difficult expensive, and time-consuming part of the entire research project.
-Are usually obtained by counting or measuring items.
Statistical Data
Is an item of interest that can take on many different numerical values.
Variable
Has a fixed numerical value
Constant
Data are measurements that each fail into one several categories.
Qualitative
Data are observations that are measured on a numerical scale
Quantitative