STATS 250 Lecture Notes - Lecture 1: Descriptive Statistics, Standard Deviation, Statistical Inference

31 views2 pages
21 Mar 2017
School
Department
Course
Professor
jessieho and 37662 others unlocked
STATS 250 Full Course Notes
49
STATS 250 Full Course Notes
Verified Note
49 documents

Document Summary

Statistics numbers measured for a purpose collection of procedures/principles for gathering data and analyzing information in order to help people make decisions when faced with uncertainty help us make decisions. Sample data = subset of larger population -> use sample statistics to estimate population parameters. Describing a variable: categorical = groups *if there is order/ranking ordinal variable, quantitative (aka. Measurement or numerical) = numerical values: discrete, continuous. [ = includes number ( = does not include. Interpretation: shape (bell-shaped, uni-modal, symmetry, skew ) **bimodal could be 2 subset of population identify shape for both e. g. males & females. Standard deviation (use for reasonably symmetric sensitive to extreme observations) Standardized score = (cid:3042)(cid:3029)(cid:3046)(cid:3032)(cid:3045)(cid:3049)(cid:3032)(cid:3031) (cid:3049)(cid:3028)(cid:3039)(cid:3048)(cid:3032) (cid:3040)(cid:3032)(cid:3028)(cid:3041) (cid:3046)(cid:3047)(cid:3028)(cid:3041)(cid:3031)(cid:3028)(cid:3045)(cid:3031) (cid:3031)(cid:3032)(cid:3049)(cid:3028)(cid:3047)(cid:3042)(cid:3041) where n = size of pop. Variance = squared sd but units are also squared. For bell shaped curves 68% of values fall within 1 sd in either direction, 95% within 2 sd and 99. 7 in 3.

Get access

Grade+
$40 USD/m
Billed monthly
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
10 Verified Answers
Class+
$30 USD/m
Billed monthly
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
7 Verified Answers

Related textbook solutions

Related Documents