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Decision makers make better decisions when they use all available
information in an effective and meaningful way
presenting
is called STATISTICS
analyzing and interpreting numerical
data
Types of Statistics
Statistics
Sample
a subset of population
Parameter
Statistic
Variables
A person's hair color is a potential variable, which could
have the value of "blond" for one person and "brunette"
for another.
Qualitative Quantitative Interval Data. In this set, numbers can be ordered and has
exact difference between any two units but has no
meaningful zero or starting point.
discrete continuous Ratio Data. This set is the highest level of measurement
and allows for all basic arithmetic operations, including
division and multiplication.
DATA COLLECTION METHOD
experiment observation
Type of Chart
Line Chart, Column Chart, Horizontal Bar Chart and Pie Graph
Line Chart