Chapter1_STAT1100.ppt", filename="Chapter1_STAT1100.ppt", filename="Chapter1_STA

Chapter1_STAT1100.ppt", filename="Chapter1_STAT1100.ppt", filename="Chapter1_STA

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What Is Statistics? Statistics for Management and Economics Chapter 1
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Objectives Key Statistical Concepts Statistics and the Computer
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What is Statistics? What are Statistics? sta·tis·tics Pronunciation: sta-'tis-tiks Function: noun plural but singular or plural in construction Etymology: German Statistik study of political facts and figures, from New Latin statisticus of politics, from Latin status state 1 : a branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data 2 : a collection of quantitative data Source: Merriam-Webster Online, www.m-w.com
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Statistics… Helps us to answer questions that we might encounter Uses information provided to us ( data ) In the most simplistic form, summarizes information In the most complicated form, models processes and events to analyze and predict how they occur Two common types: descriptive statistics and inferential statistics
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Organizes
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This note was uploaded on 06/25/2008 for the course BUSSPP MCE taught by Professor Atkins during the Spring '08 term at Pittsburgh.

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Chapter1_STAT1100.ppt", filename="Chapter1_STAT1100.ppt", filename="Chapter1_STA

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