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UNCW: STT 215: Unit 1: Total Vocab!! Questions with Answers (100% Correct Answers)

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UNCW: STT 215: Unit 1: Total Vocab!! Questions with Answers (100% Correct Answers)

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UNCW: STT 215: Unit 1: Total Vocab!! Questions with
Answers (100% Correct Answers)

statistics Answer: Consists of a body of methods of collecting and

analyzing data.

quantitative Answer: represents the amount or quantity of something,

it can be continuous or discrete

qualitative (categorical) Answer: data that results from descriptions

ex) blood type of a person, marital status, religious affiliation

population Answer: the collection of all individuals or items under

consideration in a statistical study

sample Answer: that part of a population from which information is

collected

finite population Answer: In many cases the population under

consideration is one which could be physically listed.

ex) The students at UNCW

the books in a library

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hypothetical population Answer: Also in many cases the population is

much more abstract and may arise from the phenomenon under

consideration.

ex) a factory producing light bulbs. If the factory keeps using the same

equipment, raw materials and methods of production also in future

then the bulbs that will be produced in factory constitute a

hypothetical population. That is, sample of light bulbs taken from

current production line can be used to make inference about qualities

of light bulbs produced in future.

descriptive statistics Answer: includes the construction of graphs,

charts, and tables, and the calculation of various descriptive measures

such as measures of variation, and percentiles. In fact, the most part of

this course deals with this kind of statistics.

inferential statistics Answer: includes methods like point estimation,

interval estimation and hypothesis testing which are all based on

probability theory.

parameter Answer: a determining or characteristic element; a factor

that shapes the total outcome; a limit, boundary



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