Week 1- Intro Flashcards
2 types of stats
Descriptive or inferential
Descriptive
Organise and summarise date
Inferential statistics
Estimates population on basis of sample.
4 data
Nominal
Ordinal
Interval
Ratio
Nominal
No order, just label/names e.g hair colour, gender.
MUTUALLY EXCLUSIVE AND EXHAUSTIVE
Ordinal data
Ranking e.g university league ranking.
Differences between data values are meaningless.
Interval data
Distance between values is equal in measurement. Zero is a point on the scale, not an absence.
E.g degrees Celsius, shoe size.
Difference in value between size 5.5 and 6 and 6 and 6.5 is equal
Ratio data
Data recorded at ratio. Zero is an absence
E.g weight, age, income, profit
How to decide number of classes (K)
2 to the k rule
2 to the k >N
N is number of observations
Class interval
Range/k
K is classes (worked out by previous slide by 2 to the K rule)
Relative frequency
Frequency in each class/Total observations
What data is shown on a bar chart
Qualitative
The variable on the horizontal axis, the height of the bar represents the frequency of each variable
What data is used in pie charts
Qualitative
What graphic representations of quantitative data
Histogram
Frequency polygon
Cumulative frequency distribution
Interval formula
H-L/k