Chapter 1 Intro to Statistics
Chapter 1 Intro to Statistics
Chapter 1
Introduction
The word statistics represents two different
concepts when singular and plural
Collect
Organize
Summarize
• Inferential
Display statistics – makes inferences or
conclusions
Analyze about parameters bases on sample
values
Estimation
Test hypotheses
Make decisions
Data types – Two types
• Based on time
- Cross- sectional - Data collected for a fixed
period
of time from different sources or places.
- Time series – data collected for a series of time
period.
• Based on information contained
- Quantitative (variable) – measurable or countable
(can be expressed numerically)
Examples – salaries, family size, weight, age
- Qualitative – categorical or nominal (cannot be
measured or counted or cannot be expressed
numerically)