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    1.1 Introduction-What Is Statistics

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    My Khanh
    1. Statistics is the science of collecting, analyzing, and drawing conclusions from data. It has two main branches: descriptive statistics and inferential statistics. 2. Descriptive statistics involves organizing and summarizing data through graphical and numerical techniques. Inferential statistics allows making inferences about an entire population based on a sample. 3. The key difference between descriptive and inferential statistics is that descriptive statistics describes data, while inferential statistics makes conclusions beyond the immediate data.

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    1.1 Introduction-What Is Statistics

    Uploaded by

    My Khanh
    57 views8 pages
    1. Statistics is the science of collecting, analyzing, and drawing conclusions from data. It has two main branches: descriptive statistics and inferential statistics. 2. Descriptive statistics involves organizing and summarizing data through graphical and numerical techniques. Inferential statistics allows making inferences about an entire population based on a sample. 3. The key difference between descriptive and inferential statistics is that descriptive statistics describes data, while inferential statistics makes conclusions beyond the immediate data.

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    1.1 Introduction-What is Statistics

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    1. Statistics is the science of collecting, analyzing, and drawing conclusions from data. It has two main branches: descriptive statistics and inferential statistics. 2. Descriptive statistics involves organizing and summarizing data through graphical and numerical techniques. Inferential statistics allows making inferences about an entire population based on a sample. 3. The key difference between descriptive and inferential statistics is that descriptive statistics describes data, while inferential statistics makes conclusions beyond the immediate data.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    57 views8 pages

    1.1 Introduction-What Is Statistics

    Uploaded by

    My Khanh
    1. Statistics is the science of collecting, analyzing, and drawing conclusions from data. It has two main branches: descriptive statistics and inferential statistics. 2. Descriptive statistics involves organizing and summarizing data through graphical and numerical techniques. Inferential statistics allows making inferences about an entire population based on a sample. 3. The key difference between descriptive and inferential statistics is that descriptive statistics describes data, while inferential statistics makes conclusions beyond the immediate data.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    Introduction to statistics

    Introduction to statistics

    1. What is 3. Main Branches of


    2. Data
    Statistics? statistics

    Descriptive Inferential
    Statistics statistics

    population vs Statistic vs
    sample parameter

    2
    What is Statistics?

    Business
    Make decisions use of data.
    The most popular sources of statistical data
    • Primary: Published by collectors (e.g. ABS)
    Published data • Secondary: Published by non-collectors (e.g. World Bank)

    Observational data • Example:. Measuring yield of different types of rice without any control

    Experimental data • Example: Measuring yield of different types of rice using a certain amount of fertilizer (control factor)

    Surveys • Example: Student feedback on subject

    Information Technology
    Data Data Data Data Data Data Data Data Data Data Data

    3
    What is Statistics?
    to make
    get
    Statistics information
    from data informed
    decisions

    • Collecting data
    The science of • Analyzing data
    • Drawing conclusions from data

    4
    Two major branches of Statistics

    Descriptive
    Statistics Inferential Statistics
    • Graphical
    • Numerical

    5
    Descriptive Statistics
    Methods of organising, summarising, and presenting data

    graphical techniques

    • Examples
    • Mean, median, mode
    numerical measures • Range, variance, standard
    deviation

    6
    Inferential Statistics
    • Weight of Tuna cans
    ACCC Complaint less than advertised

    Investigate
    • You cannot go and weigh
    Problem every single tuna can

    •Select a random sample


    Solution
    All cans
    •Calculate average weights
    7
    Inferential statistic
    Population
    (ALL cans) Sample
    (100 cans)
    Subset

    Parameter Statistic
    Average weight of all cans Average weight of 100 cans
    ( A descriptive measure of the population) (A descriptive measure
    of the sample)

    Inferential A process which uses sample statistic to make


    statistics: inference about population parameter.
    8

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