In your oun wordh, dferetate the following stateical terminologen uth same eampie a Popuation Parameter and Semple Statistic Deserptive Statnses and interential Sathea E Nominal Sale and Ordinal Scae 4 Primary Deta Sourn and Secondary Data Source
In your oun wordh, dferetate the following stateical terminologen uth same eampie a Popuation Parameter and Semple Statistic Deserptive Statnses and interential Sathea E Nominal Sale and Ordinal Scae 4 Primary Deta Sourn and Secondary Data Source
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:In your oun wordh, dferetate the following stateical terminologen uth same eampie
a Popuation Parameter and Semple Statistic
Deserptive Statnses and interential Sathea
E Nominal Sale and Ordinal Scae
4 Primary Deta Sourn and Secondary Data Source
Expert Solution
Step 1
Introduction
Statistics is a field which involves collection, arrangement and analysis of the data to draw meaningful insights from it.
Step 2
a.
| Population Parameter | Sample Statistic |
| 1. It describes sample. | 1. It describes population. |
| 2. The numerical value can vary and it is known. | 2. The numerical value is fixed and unknown. |
| 3. Population mean is denoted by . | 3. Sample mean is denoted by . |
| 4. Population sd is denoted by . | 4. Sample sd is denoted by s. |
| 5. Ex: The pop. mean income is $27,000 | 5. Ex: The sample avg. weight of 10 students is 62 kg. |
Step 3
b.
| Descriptive statistics | Inferential statistics |
| 1. It summarizes the target pop. | 1. It makes inferences from the sample and then generalizes them to the pop. |
| 2. The purpose is to describe the situation. | 2. The purpose is to explain the possibility of occurrence of an event. |
| 3. The results are in the form of tables, charts or graphs. | 3. The results are in the form of probabilities. |
| 4. Ex: 60% of employees are male. | 4. Ex: A CI can provide a range in which the pop. parameter is likely to fall. This information make generalization about the pop. |
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