Statistics for Data Science -1

Flashcards covering introduction to statistics, types of data, population, and sample.

Statistics

The art of learning from data. It is concerned with the collection of data, their subsequent description, and their analysis, which often leads to the drawing of conclusions.

Descriptive Statistics

The part of statistics concerned with the description and summarization of data.

Inferential Statistics

The part of statistics concerned with the drawing of conclusions from data.

Population

The total collection of all the elements that we are interested in.

Sample

A subgroup of the population that will be studied in detail.

Descriptive Study

The study where the purpose of the analysis is to examine and explore information for its own intrinsic interest only.

Inferential Study

The study where information is obtained from a sample of a population and the purpose is to use that information to draw conclusions about the population.