MGMT 1050 Study Guide - Midterm Guide: Statistical Inference, Statistic, Statistical Parameter
Document Summary
Deals with methods of organizing, summarizing and presenting data in a convenient and informative way. One form of descriptive statistics uses graphical techniques that allow statistical practitioners to present data in ways that make it easy for the reader to extract useful information. Another form of descriptive statistics uses numerical techniques to summarize data. One such method that you have already used frequently calculates the average or mean. A random sample of voters who exit the polling booth are asked for whom they voted. Population is the group of all items of interest to a statistics practitioner. Population does not necessarily refer to a group of people. For instance, what is the average weight of green elephants green elephants is the population. What is the average height of elephants all elephants is the population in case 12. 1, the population of interest consists of 50,000 students on campus.
