# Chp_1 - Chapter 1 The Nature of Probability Click to edit...

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Click to edit Master subtitle style 8/3/10 Chapter 1 The Nature of Probability and Statistics

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Click to edit Master subtitle style 8/3/10 Introduction Statistics is the science of conducting studies to collect, organise, summarise, analyse, and draw conclusions from data.
Click to edit Master subtitle style 8/3/10 Some Examples IRELAND FACTS Population: 4 million Capital: Dublin Major languages: English, Irish Major religion: Christianity Life expectancy: 74 years (men), 80 years (women) (UN) ( BBC Website)

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Click to edit Master subtitle style 8/3/10 Use of Statistics in * Quality control : Statistical quality- control procedures assure high product quality and enhance productivity. * Product planning : Statistical methods are used to analyse economic factors and business trends and to prepare detailed budgets, inventory control systems, and realistic sales quotas. * Forecasting : Statistics are used to
Click to edit Master subtitle style 8/3/10 Descriptive and Inferential Statistics * Descriptive statistics consists of the collection, organisation, summarisation, and presentation of data. * Inferential statistics consists of generalising from samples to populations, performing estimations, hypothesis testing, determining relationships among variables, and

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8/3/10 Basic Vocabulary * Probability is the chance of an event occurring. *A population consists of all subjects that are being studied. * A
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## This note was uploaded on 08/02/2010 for the course ASDSDS 2221 taught by Professor Qq during the Spring '10 term at 東京国際大学.

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Chp_1 - Chapter 1 The Nature of Probability Click to edit...

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