1.IE300Intro - Introduction to the Course: Role of...

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Gülser Köksal, U of I, IESE, 2011 Introduction to the Course: Role of Statistics in Engineering IE 300 / GE 331 Analysis of Data / Analytic Methods for Uncertainty
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2 Gülser Köksal, U of I, IESE, 2011 Outline • Statistics • Applications • Data types • Data sources • Data mining • Ethics and statistics
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3 Gülser Köksal, U of I, IESE, 2011 • Introductory probability and statistics: analyze data, make decisions • Objectives: • Learn basic probability/statistics concepts & techniques • Learn how to conduct statistical computing • Learn how to interpret results and make decisions Course Objectives
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4 Gülser Köksal, U of I, IESE, 2011 What is statistics? Statistics is the art and science comprising rules and procedures for collecting, describing, analyzing, and interpreting data . • Statistics quantifies uncertainty to make it precise. • It helps us describe and understand variability .
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5 Gülser Köksal, U of I, IESE, 2011 What is statistics? • The term statistics can refer to numerical facts such as averages , medians , and percents that help us understand a variety of problem, business or economic situations.
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6 Gülser Köksal, U of I, IESE, 2011 Uses of statistics Quality control and improvement Product and process design Early warning systems Environmental monitoring Product management Forecasting Generating annual reports Personnel management Market research Problem solving and decision making Election polling Medical testing Law,. ..
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Major Objectives of a Statistical Analysis • To support understanding of a problem or a business situtation by developing summary statistics, tables and graphs • To support decision making based on limited data (evidence) Gülser Köksal, U of I, IESE, 2011
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This note was uploaded on 01/26/2012 for the course IE IE 300 taught by Professor Zafarani during the Spring '09 term at University of Illinois, Urbana Champaign.

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1.IE300Intro - Introduction to the Course: Role of...

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