This document outlines an introduction to statistics lecture at Karachi Institute of Economics and Technology. It discusses key topics that will be covered, including basic statistical terms, applications of statistics, frequency distributions for quantitative data, and practice problems. Students will be assessed based on quizzes, assignments, a midterm, and final exam. The lecture also defines important statistical concepts such as variables, data, populations, samples, descriptive and inferential statistics, and qualitative and quantitative variables.
This document outlines an introduction to statistics lecture at Karachi Institute of Economics and Technology. It discusses key topics that will be covered, including basic statistical terms, applications of statistics, frequency distributions for quantitative data, and practice problems. Students will be assessed based on quizzes, assignments, a midterm, and final exam. The lecture also defines important statistical concepts such as variables, data, populations, samples, descriptive and inferential statistics, and qualitative and quantitative variables.
This document outlines an introduction to statistics lecture at Karachi Institute of Economics and Technology. It discusses key topics that will be covered, including basic statistical terms, applications of statistics, frequency distributions for quantitative data, and practice problems. Students will be assessed based on quizzes, assignments, a midterm, and final exam. The lecture also defines important statistical concepts such as variables, data, populations, samples, descriptive and inferential statistics, and qualitative and quantitative variables.
07/11/2021 1 TECHNOLOGY Marks Distribution • Quizzes = 10 marks • Assignments = 10 marks • Midterm = 30 Marks • Final = 30 marks
KARACHI INSTITUTE OF ECONOMICS AND
07/11/2021 2 TECHNOLOGY Topics: Introduction to Statistics
1. Basic Terms of Statistics
2. Applications of Statistics in Real World 3. Frequency Distribution for Quantitative Data 4. Practice Problems
KARACHI INSTITUTE OF ECONOMICS AND
07/11/2021 3 TECHNOLOGY Statistics is the science of conducting studies to collect, organize, summarize, analyze, and draw conclusions from data. Applications: • Like professional people, you must be able to read and understand the various statistical studies performed in your fields.
• To have this understanding, you must be knowledgeable
about the vocabulary, symbols, concepts, and statistical procedures used in these studies
KARACHI INSTITUTE OF ECONOMICS AND
07/11/2021 4 TECHNOLOGY A variable is a characteristic or attribute that can assume different values.
Data are the values (measurements or observations) that
the variables can assume. Variables whose values are determined by chance are called random variables.
A collection of data values forms a data set. Each value
in the data set is called a data value or a datum. A population consists of all subjects (human or otherwise) that are being studied. A sample is a group of subjects selected from a population.
KARACHI INSTITUTE OF ECONOMICS AND
07/11/2021 5 TECHNOLOGY Data can be used in different ways. The body of knowledge called statistics is sometimes divided into two main areas, depending on how data are used. The two areas are as follows: 1. Descriptive statistics consists of the collection, organization, summarization, and presentation of data
2. Inferential statistics consists of generalizing from
samples to populations, performing estimations and hypothesis tests, determining relationships among variables, and making predictions.
KARACHI INSTITUTE OF ECONOMICS AND
07/11/2021 6 TECHNOLOGY Variables can be classified as qualitative or quantitative. Qualitative variables are variables that can be placed into distinct categories, according to some characteristic or attribute. For example, if subjects are classified according to gender (male or female), then the variable gender is qualitative. Quantitative variables are numerical and can be ordered or ranked. For example, the variable age is numerical, and people can be ranked in order according to the value of their ages. Other examples of quantitative variables are heights, weights, and body temperatures.
KARACHI INSTITUTE OF ECONOMICS AND
07/11/2021 7 TECHNOLOGY Quantitative variables can be further classified into two groups: discrete and continuous.
Discrete variables assume values that can be counted.
Examples: • the number of children in a family • the number of students in a classroom • the number of calls received by a switchboard operator each day for a month. •Etc.
Continuous variables can assume an infinite number of values
between any two specific values. They are obtained by measuring. They often include fractions and decimals. Examples: Height, Weight, Price, Etc. KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 8 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 9 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 10 TECHNOLOGY Class Width =CW= 5
KARACHI INSTITUTE OF ECONOMICS AND
07/11/2021 11 TECHNOLOGY CW = 5
KARACHI INSTITUTE OF ECONOMICS AND
07/11/2021 12 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 13 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 14 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 15 TECHNOLOGY Practice Questions:
a. Construct the frequency distribution.
b. Construct relative frequency and percentag frequency. c. Construct Bar Chart.
a. Construct the frequency distribution using 8
classes. b. Construct relative frequency and percentage frequency. c. Construct Histogram, frequency Polygon and Ogive. KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 16 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 17 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 18 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 19 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 20 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 21 TECHNOLOGY KARACHI INSTITUTE OF ECONOMICS AND 07/11/2021 22 TECHNOLOGY Practice Questions: