Module 1- Nature of Probability and Statistics Flashcards
What is an element?
An object contained in a set of data
What is a variable?
A characteristic or attribute of that element capable of assuming any value within the data set
What is data?
Values that the variable assumes
What are random variables?
values are determined by chance
What two categories is statistics divided into?
Descriptive and Inferential
What is the definition of descriptive statistics?
consists of the collection, organization, summarization and presentation of data.
What is the definition of Inferential statistics?
consists of generalizing from samples to populations, performing estimations and hypothesis tests, determining relationships among variables, and making predictions.
What is a population?
consists of all subjects that are being studies
What is a sample?
a group of subjects selected from a population
Variables can be classified as what two categories?
Quantitative or Qualitative
What are Qualitative variables?
variables that can be placed into distinct categories, according to some characteristic or attribute.
(eg. gender, religious preference, geographic location)
What are Quantitative variables?
are numerical and can be ordered, ranked or measured.
eg, age, height, weight, body temperature
What two categories can Quantitative variables be divided into?
Discrete and Continuous
What are discrete variables?
assume values that can be counted
What are continuous variables?
can assume an infinite number of values in an interval between any two specific values. They are obtained by measuring and often include decimals and fractions.
(eg, temperature)