100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Statistics is the study of data questions and answers graded A+ passed $13.49   Add to cart

Exam (elaborations)

Statistics is the study of data questions and answers graded A+ passed

 6 views  0 purchase
  • Course
  • Evaluating Descriptive Data
  • Institution
  • Evaluating Descriptive Data

Statistics is the study of data questions and answers graded A+ passed

Preview 2 out of 6  pages

  • September 3, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Evaluating Descriptive Data
  • Evaluating Descriptive Data
avatar-seller
BravelRadon
Statistics is the study of data

Descriptive statistics - - correct answer ✔✔The study of methods and tools for collecting data, and the

organization, summarization and display of data. are numbers that are used to summarize and describe
data. The word "data" refers to the information that has been collected from an experiment, a survey, a
historical record, etc. If we are analyzing birth certificates, for example, a descriptive statistic might be
the percentage of certificates issued in New York State, or the average age of the mother. Any other
number we choose to compute also counts as a descriptive statistic for the data from which the statistic
is computed. Several descriptive statistics are often used at one time to give a full picture of the data.
Descriptive statistics do not involve generalizing beyond the data at hand. Generalizing from our data to
another set of cases is the job of inferential statistics.



Inferential statistics - - correct answer ✔✔Are used to make generalizations or predictions based on data
that have been summarized. Typically, this involves obtaining data from a sample that has been selected
from a larger population and using those data to make a generalization about that population. Inferential
statistics are valuable when examination of each member of an entire population is not convenient or
possible. For example, to measure the diameter of each thermometer probe that is manufactured in a
facility is impractical, but you can measure the diameters of a representative random sample of probes.
You can use the information from the sample to make generalizations about the diameters of all of the
probes.

Effective interpretation of data (inference) is based on good procedures for producing data and
thoughtful examination of the data. In this class, you may encounter what might seem like too many
mathematical formulas for interpreting data. The goal of statistics is not to perform numerous
calculations using the formulas, but to gain an understanding of your data. The calculations can be done
using a calculator or a computer. The understanding must come from you. If you can thoroughly grasp
the basics of statistics, you can be more confident in the decisions you make in life.The systems and
techniques for making probability-based

decisions and drawing conclusions about a population based on data collected from a

representative sample.



Population - correct answer ✔✔A population, in statistics, is a discrete group of people, animals or
things that can be

identified by at least one common characteristic for the purposes of data collection

and statistical analysis.

, Data

Collection - correct answer ✔✔Data collection is the systematic approach to gathering and measuring
information

from a variety of sources in order to answer questions, evaluate outcomes. and make

predictions.



Statistical

Analysis - correct answer ✔✔Statistical analysis is using the mathematics of probability and uncertainty
to make

inference about a population, based on a random sample from that population.



Sample - correct answer ✔✔A sample is a part of a population selected in such a way as to be
representative of

the overall population.



Parameter - correct answer ✔✔A parameter is a (numerical) description of a population characteristic.



Statistic - correct answer ✔✔A statistic is a (numerical) description of a sample characteristic. In the
broadest sense, "statistics" refers to a range of techniques and procedures for analyzing, interpreting,
displaying, and making decisions based on data.



Descriptive

Statistics - correct answer ✔✔Involves the organization, summarization and display of data.



Inferential

Statistics - correct answer ✔✔The science of drawing conclusions about a population based on data
collected from

a sample.



Probability - correct answer ✔✔A basic tool in the study and application of inferential statistics.

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 BravelRadon. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64438 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
$13.49
  • (0)
  Add to cart