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Test of Hypothesis

# Test of Hypothesis

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Test of Hypothesis
Test of Hypothesis

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10/27/2011

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1
Statistical Methods

Descriptive Statistics
Descriptive Statistics
consists of the toolsand techniques designed to
describe data
,such as charts, graphs, and numericalmeasures.

2
Descriptive Statistics
(Histogram)

Descriptive Statistics
AVERAGE
The sum of all the values divided by the number of values. In equation form:where:
n
= number of data values x
i
=
th data value
n1
Mean
i
x sum of all data valuesn number of data values
= =

3
Inferential Statistics
Inferential Statistics
consists of techniquesthat allow a decision-maker to reach aconclusion about characteristics of a largerdata set (Population) based upon a subset(Sample) of those data

Inferential Statistics
Involves:
Estimation
Hypothesis testing
Purpose
Population?