Lesson 1 Meaning and Importance of Statistics Flashcards
(from the German word-Statistik, which means” description of a state, a country”) is the science of dealing with numbers. It is the discipline that concerns with the collection, organization, presentation, analysis, and interpretation of data.
Statistics
provides a way of organizing data to get information on a wider and more formal (objective) basis than relying on personal experience (subjective).
Statistics
Concerned with the development of the mathematical foundations of the methods used in applied statistics.
Theoretical of Mathematical Statistics
It deals with the collection and presentation of data and summarizing values that describe the group’s characteristics.
Descriptive Statistics
Concerned with the procedures and techniques used in the collection, presentation, organization, analysis, and interpretation of data.
Applied Statistics
It deals with predictions and inferences based on the analysis and interpretation of the results of the information
Inferential Statistics