A representative subset or portion of a larger population or group.
Define Census
Case that the sample consist of the whole population.
What is a parameter?
A number that summarizes some aspect of the population as a whole.
What is the difference between Statistic and Statistics?
Statistic - number computed from the sampledata
Statistics - collection of methods and principles used to work with data.
What is a Descriptive Statistics?
describe the main features of a dataset.
What is Inferential Statistics?
Inferential Statistics is the branch of statistics that involves making inferences or predictions about a population based on sample data.
Difference between Qualitative and Quantitative Data
Qualitative - Subjective, study about the behavior
Quantitative - Objective, numbers
What is the importance of Statistics?
Organize numerical information, Understand techniques that leads to decisions, and make informed informations.
What is a Statistical Inquiry?
used to carry out investigations
What are the Steps in Conducting a Statistical Inquiry?
1 - Identify the Question (Problem)
2 - Designing a Study (Plan)
3 - Collecting Data (Data)
4 - Analyze the Data (Analysis)
5 - Make a conclusion and discuss limitations (Conclusions)
What are the questions to be asked in Step 1?
-What is the question?
-Is it possible to answer the questions with statistics?
-Is the data obtainable?
-Is it Ethical to obtain such Data?
-If not, is there a reasonable substitute?
-Are the assumptions reasonable?
What is the Step 2 of Conducting A Statistical Inquiry all about?
How the data will be gathered.
What are the steps in Designing a study plan?
1.Identify the Population interest
2.Survey (Sample techniques & Sources of Bias)
3. Observational Studies
4. Designing on an Experiment
5.EDA - Exploratory Data Analysis
6. Pilot Study
What are the things to be identified when collecting a data?
Variables
Types of Variables (Qualitative or Quantitative)
Limits of measurement or observation
In analyzing a data, what are the things to look out for?
Proper procedures and techniques
Check the assumptions behind the procedures and techniques
What are the questions to answer on Step 5?
-What are the answers to the original hypothesis?
-What are the limitations of the study?
-What conclusions does the study not make?
-What new questions arise from the study?
What does it mean when it says, independent variable?
The independent variable is the variable that is manipulated or changed by the researcher in an experiment.
What is dependent variable?
The variable that is being measured or observed in an experiment.
You work for a human resources consulting firm, and a client has approached you with concerns about employee job satisfaction within their organization.
The dependent variable in the study is Employee Job Satisfaction, which is also classified into three levels: Low Job Satisfaction, Moderate Job Satisfaction, and High Job Satisfaction.