Module 1-1 and 1-2 Flashcards
What is Statistics?
A way of reasoning along with data collection of tools and methods designed to help us understand the world with the use of data
What is Data?
Values without context
What is a Population of Interest?
The entire collection of individuals
What is a Parameter?
A numerical summary that describes a characteristic of the population
What is a Statistic?
A numerical summary that describes a characteristic of the sample
What does ȳ mean?
The average of a statistic
What does s mean?
The standard deviation (statistic)
What does r mean?
Correlation (statistic)
What does b mean?
Regression coefficient (statistic)
What does p̂ mean?
Proportion (statistic)
What does μ mean?
Parameter
What does σ mean?
Standard deviation of a population
What does ρ mean?
Correlation of a population
What does β mean?
Regression coefficient of a population
What does P mean?
The proportion of a population