Summer Vocab Flashcards
Statistics
The study of variability.
Variability
Differences. How things differ.
Two branches of statistics
Inferential and descriptive
Descriptive stats
Description of the data collected.
Inferential Stats
Inferences made about the data collected. What conclusions can be made about the entire population based on the data? A small sample can tell a lot about the larger population.
Descriptive v. Inferential Stats
Descriptive you are describing the data set, what we know about it. Inferential we are making conclusions about the population based on the data set.
Data
Any collected information.
Population
The group you’re interested in.
Sample
A subset of a population. Taken to make inferences about the population. We take statistics from samples.
Data v. Stats
Data is each little bit of information collected from the subjects. They are the INDIVIDUAL little things we collect. we summarize them by, for example, finding the mean of a group of data. If it is a sample, then we call that mean a “statistic” if we have data from each member of population, then that mean is called a “parameter”
Parameter
A numerical summary of a population.
Statistic
A numerical summary of a sample.
We are curious about the average wait time at a Dunkin Donuts drive through in your neighborhood. You randomly sample cars one afternoon and find the average wait time is 3.2 minutes. What is the population parameter? What is the statistic? What is the parameter of interest? What is the data?
The parameter is the true average wait time at that Dunkin Donuts. This is a number you don’t have and will never know. The statistic is “3.2 minutes.” It is the average of the data you collected. The parameter of interest is the same thing as the population parameter. In this case, it is the true average wait time of all cars. The data is the wait time of each individual car, so that would be like “3.8 min, 2.2 min, .8 min, 3 min”. You take that data and find the average, that average is called a “statistic,” and you use that to make an inference about the true parameter.
Census
Sample of an entire population, you get information from every member of the population. Makes sense for smaller populations.
Random Variables
If you randomly choose people from a list, then their hair color, height, weight, and any other data collected from them can be considered random variables.