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

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style 8/3/10 Chapter 1 The Nature of Probability and Statistics
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
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.
Background image of page 2
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)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
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
Background image of page 4
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
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8/3/10 Basic Vocabulary * Probability is the chance of an event occurring. *A population consists of all subjects that are being studied. * A
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

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.

Page1 / 22

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

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online