This document introduces key concepts in statistics. It discusses the importance of observations in various fields like agriculture, industry, etc. It explains that statistics is used to make many important decisions in life by processing and analyzing numerical data under uncertain conditions. The document also distinguishes between descriptive and inferential statistics. It describes different types of variables like qualitative, quantitative, discrete, and continuous variables. Various methods of data presentation like frequency distributions and cross-tabulation are also introduced.
This presentation on Introduction to Statistics helps Engineering students to review the fundamental topics of statistics. It is according tl syllabus of Institute of Engineering (IOE) but is similar to that of almost all the engineering colleges.
The material is consolidated from different sources on the basic concepts of Statistics which could be used for the Visualization an Prediction requirements of Analytics.
I deeply acknowledge the sources which helped me consolidate the material for my students.
This presentation on Introduction to Statistics helps Engineering students to review the fundamental topics of statistics. It is according tl syllabus of Institute of Engineering (IOE) but is similar to that of almost all the engineering colleges.
The material is consolidated from different sources on the basic concepts of Statistics which could be used for the Visualization an Prediction requirements of Analytics.
I deeply acknowledge the sources which helped me consolidate the material for my students.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
2. Objectives
• Understand the complexity of Governmental decisions
• Know the need of using quantitative approach to management
decisions
• Appreciate the role of Statistical methods in data analysis.
2
3. Role of observations ?
The observation play very important role in all field of study such as:
Agriculture, Industry, Transport, Business, Insurance, Banking and
biological sciences etc.
3
4. Why study statistics?
1. Data are everywhere
2. Statistical techniques are used to make many decisions that affect
our lives
3. No matter what your career, you will make professional decisions
that involve data. An understanding of statistical methods will help
you make these decisions efectively
Statistics is a collection of methods for planning experiments, obtaining
data, and then processing, summarizing, presenting, analyzing,
interpreting, and drawing scientific conclusions based on the data under
uncertain conditions.
5. Variation and Uncertainty
• Statistics is the subject which deals with the variability. No
two objects in a universe are exactly alike. If they were, there
would have been no statistical problem.
• It also deals with uncertainty as every process of getting
observations whether controlled or uncontrolled, involves
deficiencies or chance variation. That is why we have to talk in
terms of probability since the inferences which are made
about the population on the basis of sample evidence cannot
be absolutely certain.
6. What is Statistics?
• “Statistics is a way to get information from data”
Data Information
Statistics
Data: Facts,
especially numerical
facts, collected
together for
reference or
information.
Information:
Communicated
concerning some
particular facts.
Decision
making
6
7. 7
STATISTICS
o Statistics may be defined as
a science of collection , representation , analysis
and interpretation of numerical data under
uncertainty conditions.
8. Population vs Sample
Population
(have Parameters)
Parameters: µ, σ, ρ
Statistical
Inference
Population: A Population
is a group of all
object/elements/items
under investigation.
Sample: A representative
part/subset of the
population.
8
10. Variable Any Characteristic that may vary from Object to Object is known
as Variable. e.g., marks, age, height, sex, sales, etc.
•Height of a tree
•Number of insects on a tree
•Colour of a flower
10
11. Type of Variable
Variable
Qualitative Quantitative
Discrete Continuous
Characteristic which
varies in quality (not
numerically) e.g.,
•Eye colour,
•Behaviour ,
•Quality,
•Design,
•Performance
•No. of students
•No. of chairs
•No. of deaths
•No. of births in a hospital
•No. of accidents
•Height
•Weight
•Marks
•Time
•Distance
•Temperature11
12. 12
Qualitative Variable
• When the characteristic being studied is
nonnumeric, it is called a qualitative variable or
an attribute.
• For example, gender, religious affiliation, type
of automobile owned, eye colour, etc.
• When the data are qualitative, we are usually
interested in how many or what proportion fall
in each category.
13. 13
Quantitative Variable
When the variable studied can be reported
numerically, the variable is called a quantitative
variable.
For example,balance in your checking account, the
ages of company employees, the life of an
automobile battery (such as 42 months), and the
number of children in a family, etc.
14. 14
Discrete Variable
Discrete variables can assume only certain values, and
there are usually “gaps” between the values.
For example, number of bedrooms in a house (1, 2, 3,
4, etc.)
We count, for example, the number of bedrooms in a
house,Notice that a home can have 3 or 4 bedrooms,
but it cannot have 3.56 bedrooms. Thus, there is a
“gap” between possible values. Typically, discrete
variables result from counting.
15. 15
Continuous Variable
Continuous variable can assume any value within a
specific range, i.e., its domain is an interval with all
possible values without gaps. The continuous
variable flows without a break from one value to the
next with no limit to the number of distinct values.
Examples of continuous variables are the air pressure
in a tire and the weight of a shipment of tomatoes,
height of a student, etc. Typically, continuous
variables result from measuring.
16. INTRODUCTION TO STATISTICS
➢ Data
The Collection of some related observations is called data. Recording, Picture,
Numerical values.
➢ Classification of data
Data that may have been originally collected and have not undergone any sort
of statistical treatment or statistical method are called Primary data, while the
data that have undergone any sort of statistical treatment at least once are called
Secondary data.
Data may be available from existing sources e.g. records and publications or the
same may have to be collected afresh.
16
17. INTRODUCTION TO STATISTICS
➢ Collection of primary data
(1) Direct personal investigation / indirect
(2) Personal interview.
(3) Collection through questionnaires.
(4) Collection through enumerators.
(5) Collection through local sources
➢ Collection of Secondary data:
1. Official Publications
❑ Federal/punjab Bureau of Statistics
❑ Population Census(each and every unit of population) of Organization
❑ Ministries of Health, Food, Agriculture, Finance etc. State bank of Pakistan SBP
❑ Provincial Bureaus of Statistics
(2) Semi-official University, Interloop,
17
18. By the number of variables
Univariate data set have single piece of information recorded for each item.
Weight of students
X = x1, x2 ,x3 ,x4 x5, x6,…………………, Xn
Bivariate data sets have exactly two piece of information recorded for every items.
Dependent or independent
Weight of students, height of students Income and expenditure, Price &
demand, Sale of vehicle and sale of mobile phones , Fertilizer and yield
Multivariate data sets have minimum three piece of information recorded for
every items
Weight of students + height of students + income of person
Fertilizer and environment factor = yield
19. Measurement scales
▪ Nominal scale
▪ Ordinal scale
▪ Interval scale
▪ Ratio scale
Quality measure: classify into non-
numeric form.
Quantitative measure:
Data obtained Numerically.
20. Nominal Scale:
The nominal scale of measurement uses numbers merely as a measurement
separating the objects or events into different classes or categories.
For example:
Gender:
Male / Female
Marital Status:
Single/ Married
Eye colour religion Specialization & Nationality
21. Ordinal Scale:
The ordinal scale of measurement uses numbers merely as a means of
arranging the objects being measured in order. Smallest to highest
“or” largest to lowest.
For example:
Student in a class
“Good and Excellent” Average“ below average”
Medical condition of patient
“Satisfactory ”, “Serious”, “Guarded”, “Critical”
This kind of measurement is obviously of higher type then that used in obtaining a nominal scale since we are
able not only to group individual into separate categories but to order the categories as well.
22. Interval Scale:
• A variable which measured in an interval scale can be “+”, “-”, “*”
but calculating ratio is not possible.
• Zero point in an interval scale is arbitrary. For example, a
temperature can be below 0-degree Celsius and or negative.
23. Ratio scale:
• It is a special kind of measurement where the scale of
measurement has a true point as its origin. The ratio scale us used
to measure weight volume, length distance, money, etc.
“The key to differentiating interval and ratio scale is that the zero point
is meaningful for ratio scale.
24. Some important notations
•Variables are usually denoted by X, Y, Z etc
• Number of values in a data set by n
•Sum of all the values of variable X
•Sum of squared of all values of X
•Deviation of values of X from a (X-a)
•Sum of deviation of X from a
•Sum of squared deviation of X from a
24
25. Some ingredients of statistics formula
X
2
4
5
6
8
25
X2
4
16
25
36
64
145
25
26. Some ingredients of statistics formula
X
2
4
5
6
8
25
X-6
-4
-2
-1
0
2
-5
(X-6)2
16
4
1
0
4
25
26
27. Some ingredients of statistics formula
X
2
4
5
6
8
25
X-5
-3
-1
0
1
3
0
Sum of deviations of values
from mean is always zero
27
28. Some ingredients of statistics formula
X
2
4
5
6
8
25
(X-5)2
9
1
0
1
9
20
(X-6)2
16
4
1
0
4
25
Sum of squared deviations
of values from mean is
always minimum
28
29. 29
Presentation of data
When the suitable statistical data
have been collected, the next
step is the condensation or
presentation of the data so that
valid inferences can be drawn.
Methods for the presentation of
data
30. Presentation of Qualitative data
Example 1: Consider the data about Gender of 10 students
• Make a frequency distribution, relative frequency and percentage
frequency.
• Example 2: Suppose we have also collected data of Sections of these 10
students as
• Construct the Cross tabulation of the above data and interpret your
results?
M F M M F M F M M M
M F M M F M F M M M
A A A B B B A B A B
Sex
Sex
Section
30
31. Sex f r.f % f
Male
Female
Total
Sex Sec A Sec B Total
Male
Female
Total
31
32. Discrete data – Frequency Distribution
Example:
Following data represent the number of infected plants from a sample
of twenty experimental plots. Your task is to present it in tabular form.
1 2 4 3 0 1 2 3 1 1 0
2 1 0 2 3 0 0 1 3
Range= Xm-X0
Xm= maximum value in the given data set= 4
X0=minimum value in the given data set=0
32
33. Discrete Frequency Distribution
No. of infected
plants
X
0
1
2
3
4
Total
Relative
Frequency
5/20=0.25
6/20=0.30
4/20=0.20
4/20=0.20
1/20=0.05
1
Frequency
f
5
6
4
4
1
20
Tally
||||
|||| |
||||
||||
|
33
Percent
Frequency
0.25*100=25
0.30*100=30
0.20*100=
20
0.05*100=
5
100
34. Frequency Table for continuous variable
The following data represents the height of 30 wheat plants taken from the
experimental area. Construct a frequency distribution.
87 91 89 88 89 91 87 92 90 98 95
97 96 100 101 96 98 99 98 100 102 99
101 105 103 107 105 106 107 112
Range= (maximum value in data set)-(minimum value in data set)
34
35. Following data
represents the plant
height (cm) of a sample
of 30 plants.
87 91 89
88 89 91
87 92 90
98 95 97
96 100 101
96 98 99
98 100 102
99 101 105
103 107 105
106 107 112
Classes Frequency
(f)
86–90 6
91–95 4
96–100 10
101–105 6
106–110 3
111–115 1
Total 30
35
36. Frequency Distribution
• Tabular arrangement of data in which various items are
arranged into classes or groups and the number of items
falling in each class is stated.
• The number of observations falling in a particular class is
referred to as class frequency "f".
• Data presented in the form of a frequency distribution is also
called grouped data.
36
37. Some definitions
Class Limits
The class limits are defined as the number or the values of the variables which
are used to separate two classes. Sometimes classes are taken as
20--25, 20 , 21, 24 25, 27
25—30,
30--35 etc In such a case, these class limits means " 20 but less than 25", "25
but less than 30" etc
Class marks or midpoints
The class mark or the midpoint is that value which divides a class into two
equal parts. It is obtained by dividing the sum of lower and upper class limits
or class boundaries of a class by 2.
Class interval The difference between either two successive lower class
limits or two successive upper class limits or two successive midpoints and
denoted by "h".
37