Introduction To Statistics: Muhammad Afzal Khan
Introduction To Statistics: Muhammad Afzal Khan
STATISTICS
Instructor :
Muhammad Afzal Khan
Ph.D(Scholar) Econometrics
Pakistan Institute of Development Economics(PIDE), Islamabad
Email: [email protected]
Lecture: 01
STATISTICS
DEFINITIONS OF STATISTICS
According to R.A Fisher
It is essentially a branch of Applied Mathematics and
may be regarded as mathematics applied to
observational data.
According to Lovitt
Statistics is the science which deals with the collecting,
classifying, presenting, comparing and interpreting
numerical data collected, to throw light on any sphere of
inquiry.
CONTINUED…
Cecil H. Meyers
It is a science of numerical information which employs
the processes of measurement and classification,
analysis, decision making and communication of results
in a manner understandable and verifiable by each
other.
L.H.C. Tippet
Planning is the order of the day and without statistics it
is inconceivable
CONTINUED……
According to Prof. Asad Zaman
Statistics is all about numbers and numbers
tells us nothing about reality but clues/hints
about reality
Which definition is best?
Provided by R. A. Fisher
CONTINUED…..
Applied Statistics
It mainly covers population, census, national
income, business statistics, industrial
statistics, quality control, biostatistics etc.
Inferential Statistics
To draw conclusions about population on the
basis of sample drawn from it.
Inferential Statistics:
Inferential statistics are produced through complex mathematical calculations that
allow scientists to infer trends about a larger population based on a study of a sample
taken from it. Scientists use inferential statistics to examine the relationships
between variables within a sample and then make generalizations or predictions
about how those variables will relate to a larger population.
It is usually impossible to examine each member of the population individually. So
scientists choose a representative subset of the population, called a statistical sample,
and from this analysis, they are able to say something about the population from
which the sample came. there are two major divisions of inferential statistics:
A confidence interval gives a range of values for an unknown parameter of the
population by measuring a statistical sample. this is expressed in terms of an
interval and the degree of confidence that the parameter is within the interval.
Tests of significance or hypothesis testing where scientists make a claim about the
population by analyzing a statistical sample. By design, there is some uncertainty
in this process. this can be expressed in terms of a level of significance.
LIMITATION OF STATISTICS
1) Statistics deals with quantitative data only. Even qualitative
information is converted into numerical data by the method of
ranking, scoring or scaling
2) It is true on an average only
3) Statistics deals with the masses, not an individual. No statistics is
applicable for a single observation.
4) Statistical results are correct in a general sense. They are always
subject to certain amount of error
5) It is only a means to draw conclusions about masses or population
but not a solution to all sort of problems
6) Statistics can be misused in many ways.
CHARACTERISTICS OF
STATISTICS
It consists of aggregates of facts
In the plural sense, statistics refers to data, but data to be called
statistics must consist of aggregate of certain facts.
A single and isolated fact or figure like, 60 Kgs. weight of a student
does not amount to statistics. A single figure/number cannot be
analyzed. A single figure relating to height, production, sales, birth
etc. cannot be called statistics but aggregates of such amounts like
heights of students in the class, production of different models of
cars in last year can be considered as statistics because of their
comparability, variation and relationship
CONTINUED….