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Stats Vid Lecture Notes
Stats Vid Lecture Notes
qualitative phenomenon.
Statistics help to decide on everyday life.
- Statistics does not study individuals
Statistics – science of collecting organizing, - Statistical laws are not exact
summarizing, and analyzing information to draw - Statistics table may be misused
conclusions or answer questions. - Statistics is only one of the methods of studying
a problem.
About providing a measure of confidence in any
conclusions. Process of Statistics
Field of Statistics - Identify the research objective
- Collect the information needed to answer the
A.) Mathematical Statistics – this study and
development of statistical theory and methods in questions.
the abstract - Organize and summarize the information
B.) Applied Statistics – the application of statistical - Draw Conclusion from the information.
methods to solve real problems involving Branches of Statistics
randomly generated data and the development of
new statistical methodology motivated by real - Descriptive Statistics – concerned with the
problems. description and summarization of data. Deals
with the techniques used in the collection,
Function of Statistics presentation, organization, and analysis of the
Condensation – reduce or to lessen a huge mass of data data on hand.
into few observations (classification and tabulation) - Inferential Statistics – concerned with the
drawing of conclusions from data. Deals with
Comparison – compare data collected from different the techniques used in generalizing from
sources (through graphs and charts, summary measures). samples to populations, performing estimations
Forecasting – to predict or to estimate beforehand and hypothesis test determining relationships
(times series data) among variables and making predictions.
Disadvantages