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PRAYER
February 23, 2023
LESSON 1: Basic Concept in Statistics and Probability STATISTICS is a branch of Mathematics that deals with the collection, analysis and interpretation of data. Types of Statistics 1. Descriptive – used to describe the characteristics or features of a dataset. Descriptive statistics look at distribution, central tendency and variability. Types of Descriptive Statistics a. Distribution – frequency of different outcomes in a population or sample. b. Central tendency – the mean, median and mode. c. Variability – the standard deviation, minimum and maximum values, range, kurtosis and skewness. c.1. standard deviation – shows the amount of variation or dispersion c.2.minimum and maximum value – highest and lowest value in a dataset. c.3.range – size of the distribution value. c.4.kutosis – shows whether the tail contains extreme values. c.5. skewness – measures dataset’s symmetry. Types of Statistics 2. Inferential – helps draw conclusion and make prediction based on dataset. It’s results is always in the form of probability. Types of Inferential Statistics Calculations: a. Regression Analysis – shows the difference between dependent and independent variables. b. Hypothesis Tests – compare entire population or assess relationships between variables using samples. c. Confidence Intervals – observes the variability in a statistics to draw an interval estimate for a parameter. As descriptive statistics focuses on summarizing the key features of dataset, inferential focuses on making predictions. PROBABILITY/PROBABILITY THEORY is a branch of Mathematics concerned with the analysis of random phenomena. The outcome of a random event cannot be determined before it occurs, but it may be any one of several possible outcomes. The actual outcome is considered to be determined by chance. RANDOM VARIABLE Variable – is a characteristics that is observable or measurable in every unit or universe. Random Variable – is a numerical description of the outcome of a random event. RANDOM VARIABLE Variable – is a characteristics that is observable or measurable in every unit or universe. Random Variable – is a function that associates a real number to each element in the sample space. It is a variable whose values are determined by chance. Sample Space – A set notation containing all possible outcomes. TYPES OF RANDOM VARIABLE Discrete – represent count data, such as the number of defective chairs produced in a factory. Continuous Variable – represent measured data, such as heights, weights, and temperatures. OTHER TYPES OF VARIABLES Qualitative – results from counting or measuring something. (can be ratio or interval data) Qualitative/Categorical Variable – cannot be measured, usually descriptive or textual ( ordinal - or nominal data)
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