STATISTICAL TECHNIQUES AND TOOLS
INTRODUCTION OF STATISTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Information
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Number
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Name
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A numerical description of a sample characteristic.
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Detailed explanation-1: -A parameter is a numerical description of a population characteristic. A statistic is a numerical description of a sample characteristic. Two Branches of Statistics: 1. Descriptive statistics – involves the organization, summarization, and display of data.
Detailed explanation-2: -Numerical data refers to the data that is in the form of numbers, and not in any language or descriptive form. Often referred to as quantitative data, numerical data is collected in number form and stands different from any form of number data types due to its ability to be statistically and arithmetically calculated.
Detailed explanation-3: -A statistic is a numerical summary of a sample. A parameter is a numerical summary of a population. Inferential statistics uses methods that take a result from a sample, extend it to a population, and measure the reliability of the result. Variables are the characteristics of the individuals in the population.