Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
7th Edition
ISBN: 9781337681643
Author: David R. Anderson; Dennis J. Sweeney; Thomas A. Williams
Publisher: Cengage Learning US
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Textbook Question
Chapter 1, Problem 1SE
Discuss the differences between statistics as numerical facts and statistics as a discipline or field of study.
Expert Solution & Answer
To determine
To explain:
The differences between statistics as numerical facts and statistics as a discipline or field of study.
Explanation of Solution
Statistics refers to the numerical outcomes that we have calculated using the sample or we can say which defines the characteristics of the sample. Using the statistics, we make inferences about the population.For e.g.
In the election number of people voted is a statistic as numerical fact which just tell us some fact bout voters.
In a survey of college, we selected 200 students out of 1800 and calculated the average height of students, then average height is the statistic which represents the sample.
Statistics as a discipline or a field of study is a method or way of conducting studies about some data, collecting the data, analyzing data, creating models, making inferences about the population, testing the results.
Statistics as a field of study helps us to apply the specific outcomes to the whole population.
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Chapter 1 Solutions
Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
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