Statistics is the science of collecting, organizing, presenting, analysing, and
interpreting data to assist in making more effective decisions. Descriptive Statistics - Consists of methods of organizing, summarizing and displaying, and describing data by using tables, graphs and present the information in a convenient usable and comprehensible form. Inferential Statistics - Consists of methods that use sample results to make decisions or predictions about a population. Population - Consists of all elements whose characteristics are being studied. Sample - A portion of the population selected for study. Element/Member - a specific subject or object about which the information is collected. Variable - characteristics under study that assumes different value for different elements. Observation/Measurement - value of a variable for an element Data set - collection of observations on one or more variables. Quantitative Variables - A variable that can be measured numerically. a. Discrete variable - A variable whose values are countable. b. Continuous variable - A variable that can assume any numerical value over a certain interval. Qualitative Variables - A variable that cannot assume numerical value but can be classified into two or more non-numeric categories. Raw Data - Data recorded in the sequence in which they are collected and before they are processed or ranked.