M2 Differentiate Descriptive From Inferential Statistics
M2 Differentiate Descriptive From Inferential Statistics
I. Introduction
B. Key Measures:
Median: The middle value when the data points are arranged in ascending
order.
Measures of Dispersion:
Range: The difference between the maximum and minimum values in the
dataset.
Measures of Shape:
D. Real-World Examples:
B. Sampling Techniques:
C. Hypothesis Testing:
Type I Error: Rejecting the null hypothesis when it is actually true (false
positive).
Type II Error: Failing to reject the null hypothesis when it is actually false
(false negative).
Significance Level (α): The threshold for rejecting the null hypothesis,
typically set at 0.05 or 0.01.
D. Confidence Intervals:
F. Real-World Examples:
A. Methodologies:
Descriptive Statistics: Descriptive statistics focus on summarizing and
describing the characteristics of a dataset. It involves calculating measures such as
mean, median, mode, standard deviation, and constructing graphical
representations like histograms and box plots to visually depict the data
distribution.
B. Applications:
Example 1 (Methodologies):
Example 2 (Applications):
Example 3 (Applications):