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Point Estimation
Point Estimation

... Ex. One wants to estimate population mean  . Person A uses a sample of size 10, and person B uses a sample of size 100. Which estimate is better? Recall: If a continuous numerical variable X has mean  and SD  , the sampling variability (variance) of sample mean X is ...
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... drug intended to help address this problem, Pfizer stock rose 66% from January to October 1997. Pfizer introduced Viagra in 1998, and in the first month, 598,000 prescriptions were written. At the end of 1998, nearly 6 million prescriptions had been written, worth $441 million in sales. During 1998, ...
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Introduction to Probability Theory The materials from “Artificial

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... and retrieving work. 15 Hours Module 2: Descriptive statistics:, diagrammatic representation of univariate and bivariate data (box plots, stem and leaf diagrams, bar plots, pie diagram, scatter plots), measures of central tendency (mean, median and mode), partition values, measures of dispersion (ra ...
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Slide3. Descriptive Statistics - Vanderbilt University School of

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Lect.4

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History of statistics

The History of statistics can be said to start around 1749 although, over time, there have been changes to the interpretation of the word statistics. In early times, the meaning was restricted to information about states. This was later extended to include all collections of information of all types, and later still it was extended to include the analysis and interpretation of such data. In modern terms, ""statistics"" means both sets of collected information, as in national accounts and temperature records, and analytical work which requires statistical inference.Statistical activities are often associated with models expressed using probabilities, and require probability theory for them to be put on a firm theoretical basis: see History of probability.A number of statistical concepts have had an important impact on a wide range of sciences. These include the design of experiments and approaches to statistical inference such as Bayesian inference, each of which can be considered to have their own sequence in the development of the ideas underlying modern statistics.
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