APME_2 - Click to edit Master subtitle style Applied...

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Unformatted text preview: Click to edit Master subtitle style Applied Probability Methods for Engineers Slide Set 2 Click to edit Master subtitle style Chapter 6 Descriptive Statistics Data and Samples n When we want information about a phenomenon or characteristic, often cannot have complete information n We collect as much data as is practical from the entire set of possibilities, or population n Given a random variable X, we obtain a sample of observations of the phenomenon, x1, x2, , xn n We analyze sample data and use this analysis to make inferences about the population n To ensure as accurate a representation of the population as possible, we need to ensure that we take a random sample Data Presentation n Bar chart Machine Breakdowns Data Presentation n Pareto chart Histograms n Used to show frequency of occurrences (or distribution) of numerical data n Similar to a probability mass function (pmf) n A pmf is a histogram for a population (or entire sample space) Histograms Positive skewness (right skewed) Negative skewness (left skewed) Histograms Bimodal distribution Outliers Sample Statistics n Sample mean of a data set is arithmetic average n Sample median is the middle value (if n even, average value & n/2R and & n/2& n Sample mode is the most commonly occurring value n Sample variance 1 / n i i x x n = = ( 29 ( 29 2 2 2 2 2 1 1 2 1 1 1 1 1 n n n n i i i i i i i i x x n x x x nx s n n n = = = =--- = = =--- Sample Statistics Boxplots n Used to represent quartiles of data and provides a picture of the distribution Coefficient of Variation n Measures relative variability n CV = s/x for sample data n Allows comparing different random variables on equal footing n For a distribution with known parameters, CV = / n Binomial CV = n Poisson CV = n Exponential CV = 1 n Gamma CV = ( 29 1 / p np- 1/ 1/ k Click to edit Master subtitle style Chapter 7 Statistical Estimation and Sampling Distributions Parameters and Statistics n A parameter is a true, fixed value that, in statistical analysis is usually unknown n May be the true mean or true variance 2 of a probability distribution n The true value of a parameter is estimated from sample data n A statistic is a property of sample data taken from a population n A point estimate of some unknown parameter is a statistic that provides a best guess at the parameter value Parameters and Statistics Point Estimates n A point estimate is unbiased if n The bias of a biased estimate is n Suppose we dont know the probability of success p in a sequence of Bernoulli trials n If there are n trials, we use the point estimate for p n The number of successes, X ~ B(n, p), so that E(X) = np, implying n Therefore is an unbiased estimator of p ( 29 E = ( 29 E - / p X n = ( 29 ( 29 / E p E X n p = = p Point estimates n If X1, , Xn are sample observations from a distribution with mean , consider the sample mean n Observe that n This shows that = X is an unbiased estimator of...
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APME_2 - Click to edit Master subtitle style Applied...

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