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WALTER TUTORIAL SERVICE

BASIC STATISTICS (STA1510) NOTES

STUDY UNIT 1 SUMMARY

Introduction

The objective of basic statistics is to collect, analyse and to draw conclusions about a
population which is based on information that is contained in a sample.

Statistics- is the branch of mathematics that deals with the collection, analysis and
presentation of numerical data.

Two types of statistics

(i) Descriptive statistics- a branch of statistics that deals with the presentation,
collection characterised by different features of the data.
(ii) Inferential statistics- a branch of statistics where we estimate the sample
statistics or draw conclusions about a population parameter.

Sample versus population

Sample- is a subset of population or a fraction.

Population- is the collection of all items or objects that we wish to study.

Parameter versus statistic

Parameter- is a numerical value that summarises a population.

Statistics- is a numerical value that describes the characteristics of a sample and it can
summarise the sample.

Variables

We have two types of variables namely:

(i) Quantitative variables
(ii) Qualitative variables

Quantitative variables- are variables that are measured on a numerical scale.


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Publisher: 2021 ISBN: 9781323159286 Edition: Unknown

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