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Chapter1 - Chapter 1 Introduction Contents What is...

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Chapter 1 Introduction
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Contents What is Statistics? Applications Fundamental Elements Types of Data Data Collection
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Statistics is the Science of collection and analysis of Data. Various aspects: Classifying Summarizing and Organizing Analyzing Interpreting What is Statistics? Descriptive Statistics Inferential
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Descriptive Statistics In this branch of Statistics, numerical and graphical methods are utilized to look for patterns in a dataset and to present that information in a convenient form. No analysis is involved here.
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Inferential Statistics Sample data is used to make estimates, decisions, predictions about the population. Probability theory is a key tool for this analysis. The main part of this course is probability and inferential statistics.
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Applications Statistics has various applications. For Example: Estimate the average monthly income for a population.
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This note was uploaded on 02/15/2011 for the course STAT 051 taught by Professor Balaji during the Fall '10 term at GWU.

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Chapter1 - Chapter 1 Introduction Contents What is...

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