Statistics Flashcards
It is a bunch of Mathematics that deals with the methods of collecting, presenting, analyzing, and interpreting data.
Statistics
Data can be described as:
- Continuous
2. Discrete
Types of population
- Finite population
2. Infinite population
Basic ways of gathering data
By counting
By measurement
By questionnaire
Through experiment
Basic sampling strategies
Random sampling
Stratified random sampling
Systematic random sampling
Cluster sampling
It takes an all real values in an interval or when data is obtained through measurement.
Continuous
Data is obtained by counting
Discrete
Contains finite no. of members or units
Finite population
Infinitely large no. of units and there is no limit to the no. of units it contains
Infinite population
Refer to the set of observations on any subject or situation under investigation
Data
Refers to the universe from which conclusion of the study must be formed
Population
Portion of the universe or population and usually has the same characteristics as the entire population
Sample
2 distinct fields of activities in statistics
Statistical method
Mathematical statistics
Deals with collecting, organizing, and summarizing data so that valid conclusions may be drawn from it
Statistical method
Deals with the formulation and explanation of principles and theories which serve as the basis for the statistical method
Mathematical statistics