Stats Chapter 1

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bulllombardo  on February 14, 2012

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Stats Chapter 1

Data
facts and figures collected, analyzed, and summarized for presentation and interpretation
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Data facts and figures collected, analyzed, and summarized for presentation and interpretation
Data Set all the data collected
Elements Entities on which data is collected
Variable Characteristic of interest for the elements
Observation measurement obtained for a particular element
Nominal labels or names, nonnumeric label or numeric code
Ordinal order or rank of the data is meaningful
Interval always numeric
Ratio ratio of 2 values is meaningful, variables such as height weight, time
Categorical Data labels or names used to identify, referred to as qualitative data, can be both numeric and nonnumeric
Quantitative Data how many or how much, always numeric
Discrete measuring how many
Continuous how much
Cross-Sectional Data collected at the same or approximately the same point in time
Time Series Data collected over several periods of time
Population set of all elements of interes
Sample subset of the population
Statistical Inference process of using data obtained from a sample to make estimates and test hypotheses
Census collecting data for the entire population

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