Lesson 1 Statistics

What is statistics as a whole?

The science of collecting, organizing, analyzing, interpreting, illustrating, and drawing conclusions from data

what is population?

ALL elements that meet the given criteria

what is a sample?

A subset of a given population

What is a parameter?

Metrics derived from population

What is statistics?

Metrics derived from a sample

What is descriptive statistics?

Used to describe something that as already occured or is already known.

What is inferential statistics?

Used to infer something that may occur or to generalize sample results across a broader population.