
Data Analysis Unit
... The key goal in the collection of data is to present information in a form that enables clear analysis and provides answers to otherwise obscure questions. Students have a natural tendency to ask questions and are keenly aware of the interests of their peers. Help students develop this interest thro ...
... The key goal in the collection of data is to present information in a form that enables clear analysis and provides answers to otherwise obscure questions. Students have a natural tendency to ask questions and are keenly aware of the interests of their peers. Help students develop this interest thro ...
Class #3 Notes - NYU Stern School of Business
... • Probability of randomly selecting a non-user who tests positive = 0.046 • Probability of randomly selecting someone who tests positive = 0.118 • Conditional probability of testing positive given a non-drug user = 0.05 ...
... • Probability of randomly selecting a non-user who tests positive = 0.046 • Probability of randomly selecting someone who tests positive = 0.118 • Conditional probability of testing positive given a non-drug user = 0.05 ...
Ch. 16 Notes - morgansmathmarvels
... range of values are called ___________ random variables. Continuous random variables have means (__________values) and variances. We won’t worry about how to calculate these means and variances in this course, but we can still work with models for continuous random variables when we’re given the ___ ...
... range of values are called ___________ random variables. Continuous random variables have means (__________values) and variances. We won’t worry about how to calculate these means and variances in this course, but we can still work with models for continuous random variables when we’re given the ___ ...
Econometrics Lecture 4: Maximum Likelihood Estimation and Large Sample Tests 1
... between the regressors and the error term tends asymptotically to zero. This assumption does not entirely rule out correlation between the regressors and error term so long as this dies out as the sample size tends to infinity. Assumption (AA3) is a particular form of central limit theorem. For this ...
... between the regressors and the error term tends asymptotically to zero. This assumption does not entirely rule out correlation between the regressors and error term so long as this dies out as the sample size tends to infinity. Assumption (AA3) is a particular form of central limit theorem. For this ...
Reteaching 9-1
... Selecting a letter other than A is called not A and is the complement of the event A. The sum of the probabilities of an event and its complement equals 1, or 100%. What is the probability of the event “not A”? P(A) P(not A) 1 ...
... Selecting a letter other than A is called not A and is the complement of the event A. The sum of the probabilities of an event and its complement equals 1, or 100%. What is the probability of the event “not A”? P(A) P(not A) 1 ...
Document
... In Chapters 2 and 3 we used descriptive statistics when we summarized data using tools such as graphs, and statistics such as the mean and standard deviation. Methods of inferential statistics use sample data to make an inference or conclusion about a population. The two main activities of inferenti ...
... In Chapters 2 and 3 we used descriptive statistics when we summarized data using tools such as graphs, and statistics such as the mean and standard deviation. Methods of inferential statistics use sample data to make an inference or conclusion about a population. The two main activities of inferenti ...
Statistics
Statistics is the study of the collection, analysis, interpretation, presentation, and organization of data. In applying statistics to, e.g., a scientific, industrial, or societal problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Populations can be diverse topics such as ""all persons living in a country"" or ""every atom composing a crystal"". Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments.When census data cannot be collected, statisticians collect data by developing specific experiment designs and survey samples. Representative sampling assures that inferences and conclusions can safely extend from the sample to the population as a whole. An experimental study involves taking measurements of the system under study, manipulating the system, and then taking additional measurements using the same procedure to determine if the manipulation has modified the values of the measurements. In contrast, an observational study does not involve experimental manipulation.Two main statistical methodologies are used in data analysis: descriptive statistics, which summarizes data from a sample using indexes such as the mean or standard deviation, and inferential statistics, which draws conclusions from data that are subject to random variation (e.g., observational errors, sampling variation). Descriptive statistics are most often concerned with two sets of properties of a distribution (sample or population): central tendency (or location) seeks to characterize the distribution's central or typical value, while dispersion (or variability) characterizes the extent to which members of the distribution depart from its center and each other. Inferences on mathematical statistics are made under the framework of probability theory, which deals with the analysis of random phenomena.A standard statistical procedure involves the test of the relationship between two statistical data sets, or a data set and a synthetic data drawn from idealized model. An hypothesis is proposed for the statistical relationship between the two data sets, and this is compared as an alternative to an idealized null hypothesis of no relationship between two data sets. Rejecting or disproving the null hypothesis is done using statistical tests that quantify the sense in which the null can be proven false, given the data that are used in the test. Working from a null hypothesis, two basic forms of error are recognized: Type I errors (null hypothesis is falsely rejected giving a ""false positive"") and Type II errors (null hypothesis fails to be rejected and an actual difference between populations is missed giving a ""false negative""). Multiple problems have come to be associated with this framework: ranging from obtaining a sufficient sample size to specifying an adequate null hypothesis.Measurement processes that generate statistical data are also subject to error. Many of these errors are classified as random (noise) or systematic (bias), but other important types of errors (e.g., blunder, such as when an analyst reports incorrect units) can also be important. The presence of missing data and/or censoring may result in biased estimates and specific techniques have been developed to address these problems.Statistics can be said to have begun in ancient civilization, going back at least to the 5th century BC, but it was not until the 18th century that it started to draw more heavily from calculus and probability theory. Statistics continues to be an area of active research, for example on the problem of how to analyze Big data.