Submitted by: Submitted by elaine610
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Category: Business and Industry
Date Submitted: 05/08/2016 06:09 AM
INTRODUCTION TO
Statistics
1.1 WHAT IS STATISTICS? |
* The word statistics is derived from classical Latin root, status which means state.
* Statistics has become the universal language of the sciences.
* As potential users of statistics, we need to master both the “science” and the “art” of using statistical methodology correctly.
* Carefully defining the situation
* Gathering data
* Accurately summarizing the data
* Deriving and communicating meaningful conclusions
Specific definition:
Statistics is a collection of procedures and principles for gathering data and analyzing information to help people make decisions when faced with uncertainty.
* Nowadays statistics is used in almost all fields of human effort such as:
Example applications of Statistics
Education Agricultural Businesses Health
* Sports
A statistician may keep records of the number of hits a baseball player gets in a season.
* Financial
Financial advisor uses some statistical information to make reliable predictions in investment.
* Public Health
An administrator would be concerned with the number of residents who contract a new strain of flu virus during a certain year.
* Others
Any Idea?…..
1.2 TWO ASPECTS IN STATISTICS |
Statistics has two aspects:
1. Theoretical / Mathematical Statistics
* Deals with the development, derivation and proof of statistical theorems, formulas, rules and laws.
2. Applied Statistics
* Involves the applications of those theorems, formulas, rules and laws to solve real world problems.
* Applied Statistics can be divided into two main areas, depending on how data are used. The two main areas are:
Descriptive statistics | | Inferential statistics |
* What most people think of...