100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary of the lectures and video clips / samenvatting hoorcolleges en videoclips - Quantitative Methods exam $6.41
Add to cart

Summary

Summary of the lectures and video clips / samenvatting hoorcolleges en videoclips - Quantitative Methods exam

 29 views  1 purchase
  • Course
  • Institution

Summary of the lectures and video clips. Everything we need to know for the 1.4 Quantitative Methods exam.

Preview 4 out of 56  pages

  • February 1, 2022
  • 56
  • 2021/2022
  • Summary
avatar-seller
Quantitative methods
Lecture 1 videoclips
Orders of operations: follow BODMAS  brackets  orders (powers/indices or roots), division,
multiplication, addition, subtraction.
Pie = represents a proportion in this course, so not the 3,14…
Σ (sigma) = sum of all the values that come after that

Population ‘big world’
Sample ‘small world’  group of people drawn from the population.
- It is never a perfect representation of the big world / population
- Random samples are the goal  every person has the same chance of getting ‘chosen’
- Convenience sample  certain respondents that are easier to reach

Descriptive statistics  summarize the data from a sample. There is no uncertainty of the sample
Inferential statistics  always a little bit of uncertainty, as we are making a guess of the population
based on the sample. A sample is never hundred percent representative of the population, we
always have a sampling error.
Cases: units in your sample = can be individuals, companies, countries.
Variables: ages, gender, happiness etc.

Mnemonic device: NOIR: Nominal, Ordinal, Interval, Ratio
Categorical (discrete) variables: different cases can belong to one or several categories. These are
discrete, which means there is no overlapping into the other.
- Nominal: there is no order/ranking (like gender)
- Ordinal: there is an order/ranking to the categories
Continuous variables: can take any numerical value, like temperature  can go to infinite. Same
with age. They can fall in between ‘categories’.
- Interval: distance between two points on a scale are meaningful, it has the same distance
between the points. There is NO zero point/no true zero point. You can have 0 degrees (in
temperature), but it doesn’t mean that temperature does not exist at 0, but that water
starts to freeze.
- Ratio: has a true zero. For example, income, if there is zero income, they will not get any
money. If someone is zero cm, you ‘don’t exist’. If someone is 100 cm and someone is
200cm, the 200cm is twice as tall.

Population: µ
Mean: average. Five numbers: 3, 5, 7, 9, 11 = = 7 = mean = M or X̄

Weighted mean: adding the mean of each of the groups and multiplying by the
number of people in that group. Then divide by the total number of people. Helpful in descriptive
statistics where we group the different groups together.
Median: the middle value of a series of numbers. 3, 5, 7, 9, 11 = median is 7
Mode: the most common value. 3, 5, 7, 9, 11 = no mode. 3, 5, 5, 9, 11 = mode = 5.




1

,Lecture 1
Aims for this course
- Give you an appreciation of the increasingly important role of quantitative methods in
empirical research
- To provide some useful quantitative methods that you could use in empirical research
o Test hypotheses
o Answer research questions
o Make predictions about an outcome of relevance
- To convince you that quantitative methods are not the devil’s work

The role of statistics in research




Descriptive vs. inferential statistics




Small world vs. big world
The percentage we calculated via Menti exactly describes the percentage of respondents who
identify as woman in the ‘small world’ of Menti poll. There is no uncertainty about this  this is a
descriptive statistic

This percentage is also our best guess about the percentage of
people who identify as women in the ‘big world’ of this zoom
call (or the students taking 1.4 QM).

But when we use small world statistics to make guesses about
the big world, there is always some uncertainty  now we’re
doing inferential statistics (we are inferring something about
the population based on a sample).



2

,Random sampling
The best way to minimize sampling error (uncertainty), is to have a random sample, where every
individual in the population has an equal chance to be included
- Was our initial Menti sample random?  convenience sample
- Could there be differences between people who answered on Menti that bias our estimate
of the 1% women on the Zoom call?

Noir level of measurement
Categorical: nominal, ordinal
Continuous: interval, ratio

Nominal: separate categories without any ranking
- Gender
- Study
- Living situation
- Car
Ordinal: categories with a rank
- Birthyear (if transformed into categories, if not it’s interval)
- Study interest
Ratio: has a true zero (the absence of the ‘thing’)
- Travel time (if you have zero, you live on the campus)
- Height
Interval: does not have a true zero
- Birth year (if not in categories) (zero years of birth does not mean the absence of something,
therefore not ratio)

Why is this important?
- Selecting the best ways to describe them (e.g., measures of central tendency)
- What kinds of analyses we can do… (week 3)?

Summarizing data (1)
You will be able to:
- Describe your data with tables and graphs and select an appropriate visualization based on
the level of measurement of the variable
- Select an appropriate measure of central tendency based on the level of measurement and
shape of your data
- Describe the shape of your data based on graphical presentations of data and measures of
central tendency

Graphs and level of measurement
Rule of thumb: if you have an interval or ratio level of measurement, use a histogram.
Histograms:
- Continuous data
- With unequal intervals, are represents counts (remember to use frequency density on y-axis)
- Bars touch

Rule of thumb: if you have a nominal or ordinal level of measurement, use a bar chart.


3

, Bar charts:
- Categorical data
- Height represents & of counts
- Bars do not touch

Describing distributes
1. Central tendency
- Mean
- Median
- Mode

Rule of thumb: if you have an interval or ratio level of measurement, use mean or median.
Mean or median, which one?  this depends on if there are any outliers.

We need to know more about distributions of data before choosing a measure.
Mean vs. mean:
- Mean is influenced by outliers because it accounts for all values
o Beware in small datasets
- Median is just the middle number, so not influenced by outliers




Sample of 9 students (exercise hours per week): 0, 2, 2, 3, 3, 4, 5, 5, 6
- Mean: 3.33
- Median: 3

Sample of 10 students (exercise hours per week): 0, 2, 2, 3, 3, 4, 5, 5, 6, 90 (error?!)
- Mean: 12
- Median: 3,5*
o If you have an even number of observations, so no middle values. To find the
median, take the mean of the two middle values (for example 3+4/2)

Rule of thumb: if you have a nominal level of measurement,
use the mode


Rule of thumb: if you
have an ordinal level of measurement, it’s possible to use
mean, median or mode


4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Denise987. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $6.41. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$6.41  1x  sold
  • (0)
Add to cart
Added