Some terminologies
a. Case: Is an experimental unit from which data are collected.
b. Variable: Characteristics of case that can vary.
c. Constant: Characteristics that is same for all cases in a study.
d. Population : Entire set of possible cases.
e. Sample : Subset of population from where data are collected.
f. Parameter: A measure concerning a population.
g. Inferential statistics:
- Is a procedure.
- Use data from an observed sample.
- To make conclusion about a population.
- Sample are taken in such a way that sample represent the entire population.
h. Representative sample: That accurately justifies the characteristics of entire population.
i. Bias: Favoring certain people or outcomes.
j. Descriptive statistics:
- Are statistical information in Newspapers, magazines, company reports.
- Data are summarized and presented in a form that is easy for reader to understand.
- Are in tabular, graphical or numerical form.
Types of descriptive statistics
- Frequencies and percentage ( For normal/ categorical data)
- Means and Standard deviations ( For interval/ ratio data)
k. Hypothesis testing: Proving or disproving theories
l. Correlation : Association between phenomena.
m. Confidence interval : If sample relates to the larger population.
n. Homoscalestisity: Having homogenous distribution or scateredness. Simple means having the same scatter. For it to exist, the points must be about the same distance from the line.