The Nature of Probability and Statistics
The Nature of Probability and Statistics
and Statistics
Introduction
1-1 Descriptive and Inferential Statistics
1-2 Variables and Types of Data
1-3 Parameter vs Statistic
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Statistics is the science of conducting studies
to
collect,
organize,
summarize,
analyze, and
draw conclusions from data.
Students study statistics for several reasons:
3. You can also use the knowledge gained from studying statistics to
become better consumers and citizens. For example, you can make
intelligent decisions about what products to purchase based on
consumer studies, about government spending based on utilization
studies, and so on.
A variable is a characteristic or attribute
that can assume different values.
The values that a variable can assume are
called data.
A population consists of all subjects
(human or otherwise) that are studied.
A sample is a subset of the population.
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Descriptive statistics consists of the collection,
organization, summarization, and
presentation of data. It summarizes some of
the important feature of a set of data or
simply describe the set of data and conclusion
apply only to the data on hand. There is NO
drawing of conclusions or inferences about a
larger set.
Examples: Charts deals with taxes, Sports
Statistics, University Enrolment
Inferential statistics concerned with the
formulation of conclusions and
generalizations about a larger set of data
using only the information gathered from the
subset of this larger set. The main concern is
not to describe but to predict and make
conclusions based on the data gathered.
Examples: Studies about Social Sciences,
Marketing Research, Economics
In each of these statements, tell whether descriptive or
inferential statistics have been used.
a. By 2040 at least 3.5 billion people will run short of water
(World Future Society).
b. Nine out of ten on-the-job fatalities are men (Source: USA
TODAY Weekend).
c. Expenditures for the cable industry were $5.66 billion in
1996 (Source: USA TODAY ).
d. The median household income for people aged 25–34 is
$35,888 (Source: USA TODAY ).
e. Allergy therapy makes bees go away (Source: Prevention).
Data
Qualitative Quantitative
Categorical Numerical,
Can be ranked
Discrete Continuous
Countable Can be decimals
5, 29, 8000, etc. 2.59, 312.1, etc.
Qualitative Data can be identified simply by
noting its presence. It also yield categorical
responses, differ according to characteristics
possessed.
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LEVEL of MEASUREMENT