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STATISTICS
• The science of collecting, organizing, summarizing, analyzing, & interpreting
data.
• Involves
complex mathematical theories used to estimate population
parameters.
DESCRIPTIVE STATISTICS
- Statistics is about translating everyday, ordinary or historical
information into statistical data
- Involve the collection, organization, summary and presentation of data.
- Involve constructing frequency distributions, graphs and computation of
statistical measures.
INFERENTIAL STATISTICS
- analyzing the data (mathematically)
- Involve making predictions by:• generalizing from samples to
populations, • performing estimations and hypothesis tests • and
determining relationships among various populations.
RESEARCH
- to determine solutions for different issues (or problems) in various
industries (health, business, economy, politics, etc.) and daily living.
POPULATION
- The complete collection (or universe) of people or objects that a
research is referring to and which samples in a research represent.
- Populations are normally too big (or most times, infinite) and impossible to
study completely.
SAMPLE
- A portion of a population carefully selected for study (studied,
interviewed, experimented on, observed) to estimate and represent the
population.
- Members or a portion of the population (people, objects, animals, etc.)
selected for study to represent and estimate the parameters of the
population.
SAMPLING
- May refer to the samples selected
- Refer to the methods of collecting samples
DATA
- The information collected from studying (i.e. ta interviewing, studying,
experimenting on, etc.) the population or samples.
- Represented by variables
DISTRIBUTION
- Sets or classifications of data collected.
- Each value in a distribution is called a datapoint.
Ex. score or observation
- Historical data / distribution -> data of past events.
RANDOM VARIABLE
- A letter or symbol used to represent each distribution of data.
- It represents the set of possible outcomes in a probability experiment.
POPULATION SAMPLES
Population Sample
Distribution Distribution -
-Classifications of Classifications of
data collected from data collected from
studying the studying samples.
population.
SAMPLE DISTRIBUTION
- Refers to all data collected by interviewing, surveying or experimenting on
samples.
- Refers to the collection of datapoints representing each group of samples.
SAMPLING DISTRIBUTION
- The probability distribution when all possible samples of size n are
repeatedly drawn form a population.
QUALITATIVE OR CATEGORICAL
Nominal Ordinal
QUANTITATIVE OR NUMERIC
Discrete Continuous
Easily Infinite
countable values
Limited between
values two
between datapoints
two
datapoints
Interval Ratio
0 means 0 denotes
something an empty
e.g. 0 set
degrees
RANDOM SAMPLING
Subjects are selected randomly
Subjects should be selected without bias or prejudice so as to achieve
objective or fair findings.
SYSTEMATIC SAMPLING
Subjects are selected using criteria that matches the objectives of the
research or study.
STRATIFIED SAMPLING
Subjects are selected by dividing the population into groups (strata), and
subjects are randomly selected from each group.
CLUSTER SAMPLING
Subjects are selected by using an intact group that is representative of the
population.
TEXTUAL
Information presented in paragraph form
TABULAR
Information presented in tables with rows and columns.
GRAPHICAL
Information presented through the use of charts such as bar graphs, line
charts, pie charts, etc.
ANALYTICS
Employs advanced statistical theories to business issues; and present data
through creative and dynamic visualizations.
STUDY OF PROBABILITY
Study of the different principles applied in and methods of calculating the
probability of event.
PROBABILITY
The chances or likelihood of an event occuring
PROBABILITY EXPERIMENT
An activity that attempts to measure the likelihood of outcomes.