Introduction STATISTICAL ANALYSIS WITH SOFTWARE APPLICATIONS 1st Semester 2021-2022 RENE N. ARGENAL, MS 1 Instructor RENE N. ARGENAL ■ Office: Math Department ■ Phone: 2300100 local 553, 149 ■ Email: ren_argenal@yahoo.com Office hours: MW 2:30- 4:30 pm. 09322177798 ■ (Other times by appointment)` 2 Introduction ■ What we learn in this course: ■ ■ ■ ■ ■ ■ ■ ■ Obtaining, presenting, and organizing statistical data measures of location, dispersion, & skewness the Normal distribution sampling and sampling distributions estimation and confidence intervals hypothesis testing interference for simple linear regression analysis use of computers to visualize and analyze data. 3 Introduction ■ ■ Statistics is the science of data. It is concerned with the scientific method for collecting, organizing, summarizing, presenting, & analyzing data as well as drawing valid conclusions and making reasonable decisions on the basis of such analysis. Why need statistics? - Many jobs in industry, government, medicine, and other fields require you to make data-driven decisions, so understanding these methods offers you important practical benefits. 4 Introduction ■ Who Uses Statistics? Statistical techniques are used extensively by marketing, accounting, quality control, consumers, professional sports people, hospital administrators, educators, politicians, physicians, etc... 5 Introduction ■ The collection and study of data are important in the work of many professions, so that training in the science of statistics is valuable preparation for variety of careers. , for example economists and financial advisors, businessmen, engineers, farmers 6 Introduction ■ ■ Statistics means “numerical descriptions” to most people. Examples: -Proportion of male students in this classroom -monthly unemployment figures. -the failure rate of a business. -the proportion of female executives. -the number of van sales. -monthly orange juice prices. 7 Introduction ■ - - An example: I want to produce pens to sell. How much should I produce? * If too much, I can not sell all. * If too little, I can not earn profit. Try different quantities at each week. After one month, compare profits. 8 Introduction Week Quantity Gain Cost Profit 1 12 $36 -$26 $10 2 14 $44 -$28 $16 3 24 $48 -$36 $12 4 36 $52 -$44 $8 …. 9 Introduction Two Branches of Statistics 10 Introduction ■ DESCRIPTIVE - DEFINITION Methods of organizing, summarizing, and presenting data in an informative way. ■ EXAMPLE: According to Consumer Reports, Whirlpool washing machine owners reported 9 problems per 100 machines during 1999. The statistic 9 describes the number of problems out of every 100 machines. 11 Introduction ■ Inferential Statistics - ■ ■ A decision, estimate, prediction, or generalization about a population, based on a sample . A population ■ A collection of possible individuals, objects, or measurements of interest. A sample ■ A portion, or part, of the population of interest. 12 Introduction Inferential Statistics ■ EXAMPLE : ■ The accounting department of a large firm will select a sample of the invoices to check for accuracy for all the invoices of the company. 13 Introduction * Common Terms: Data –are numbers or measurement collected as a result of observations. ~ e.g. age, weight, income, gender, grade, race, degree… * Population * Sample * Parameter – any characteristic of a population which is measurable * Statistics – any characteristics of a sample which is measurable 14 Introduction Variable – any phenomenon which may take on different values. * Categorical variable-- put an individual into one of several groups or categories ~ e.g. gender, grade, race, degree… * Quantitative variable– use numerical values for each variable values such that addition and averaging make sense ~ e.g. salary, height, weight, age, price…. 15 An Example Example: Information about employees of CyberStat Corporation. Each row of data is called a case. (Similar to Page 5 in the text) 16 Example cont. - What are the A: Mike, Maggie, Lily, Individuals? Jason. - How many variables? A: 6: age, gender, race, …. A: Gender, race, Job - Which variable is type, and degree. categorical variable? 17 Example Cont’d - Which variable is quantitative? A: Age, salary 18