Introduction to ANALYSIS
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Transcript of Introduction to ANALYSIS
http://www.measuringworth.com/uscompare/
http://www.x-rates.com/d/CAD/CNY/graph120.html
Some other statistics….
http://en.wikipedia.org/wiki/Statistics
Let’s take a look at what statistics are and what they do.
Charles Darwin1809-1882
Francis Galton1822-1911
Charles Spearman1863-1945
Karl Pearson1857-1936
History
Statistics:Getting information from data.
Who (what) are we studying?Population 1. Census 2. Sample
a. Describeb. Infer
Statistics:Getting information from data.
Who (what) are we studying?Population Sample
Two types of analysis 1. Descriptive 2. Inferential
Probability
Statistics:Getting information from data.
Inferential The Probability that what we find in the Sample will apply to the whole Population.
Statistics:Getting information from data. Inferential Whenever a sample is utilized, there will always be a “sampling error.”
Statistics:Getting information from data. Inferential Whenever a sample is utilized, there will always be a “sampling error.”
That “sampling error” will increase as thevariability of the measure increases.
That “sampling error” will decrease as thesize of the sample increases.
Most inferential statistics are simply the number of sampling errors a finding is from what was expected.
TestF ind ing Expecta tion
Sam plingE rror