Professional Documents
Culture Documents
of Statistics
b as i c i de as an d c o n c e p t s
What Is Statistics?
1. Collecting Data Data Why?
e.g., Survey Analysis
2. Presenting Data
e.g., Charts & Tables
Sports Business
Individual & Team Consumer Preferences
Performance Financial Trends
Statistics: Two Processes
Describing sets of data
and
Drawing conclusions (making estimates,
decisions, predictions, etc. about sets of data
based on sampling)
Statistical Methods
Statistical
Methods
Descriptive Inferential
Statistics Statistics
Descriptive Statistics
1. Involves
50
Collecting Data
Presenting Data 25
Characterizing Data
0
2. Purpose Q1 Q2 Q3 Q4
Describe Data
X = 30.5 S2 = 113
Inferential Statistics
1. Involves
Population?
Estimation
Hypothesis
Testing
2. Purpose
Make decisions about population
characteristics
Fundamental Elements of
Statistics
1. Experimental unit
Object upon which we collect data P in Population
& Parameter
2. Population
All items of interest S in Sample
& Statistic
3. Variable
Characteristic of an individual
experimental unit
4. Sample
Subset of the units of a population
Random Sample
Every sample of size n has an equal chance of selection.
Statistical Computer Packages
Typical Software
SPSS
MINITAB
Excel
STATISTICA