Wednesday, May 19, 2010

Basics of Statistics.

Statistics is about collection of information and its presentation and about drawing inferences from these. We come across facts and figures in the newspapers, Television and the radio.

Statistics can be classified as follows:

1) Descriptive Statistics.

2) Inferential Statistics.

Descriptive Statistics includes:
  • Collectiing.
  • Organizing
  • Summarizing.
  • Presenting Data.
Inferential Statistics includes:
  • Making inferences.
  • Hypothesis testing.
  • Determining relationships.
  • Making predictions.

To obtain information, data are collected from variables used to describe an event. Data is nothing but the values or measurements that variables describing an event can assume.


























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