This document discusses different types of statistics. It defines descriptive statistics as summarizing and describing data, while inferential statistics use samples to make inferences about populations. Measures of central tendency like mean, median and mode are described as well as measures of variability such as range, standard deviation and variance. Specific types of each are defined and explained, such as weighted mean, interquartile range, and harmonic mean. Tables and figures are included to illustrate the differences between descriptive and inferential statistics and examples of various statistical measures.
Please acknowledge my work and I hope you like it. This is not boring like other ppts you see, I have tried my best to make it extremely informative with lots of pictures and images, I am sure if you choose this as your presentation for statistics topic in your office or school, you are surely going to appreciated by all including your teachers, friends, your interviewer or your manager.
This will help you to understand the basic statistics particularly Discriptive Statistics.
Basic terminologies used in statistics,measure of central tendancy,measure of frequency,measure of dispersion.
#nafeesupdates
#nafeesmedicos
Please acknowledge my work and I hope you like it. This is not boring like other ppts you see, I have tried my best to make it extremely informative with lots of pictures and images, I am sure if you choose this as your presentation for statistics topic in your office or school, you are surely going to appreciated by all including your teachers, friends, your interviewer or your manager.
This will help you to understand the basic statistics particularly Discriptive Statistics.
Basic terminologies used in statistics,measure of central tendancy,measure of frequency,measure of dispersion.
#nafeesupdates
#nafeesmedicos
ANALYSIS ANDINTERPRETATION OF DATA Analysis and Interpr.docxcullenrjzsme
ANALYSIS AND
INTERPRETATION
OF DATA
Analysis and Interpretation of Data
https://my.visme.co/render/1454658672/www.erau.edu
Slide 1 Transcript
In a qualitative design, the information gathered and studied often is nominal or narrative in form. Finding trends, patterns, and relationships is discovered inductively and upon
reflection. Some describe this as an intuitive process. In Module 4, qualitative research designs were explained along with the process of how information gained shape the inquiry as it
progresses. For the most part, qualitative designs do not use numerical data, unless a mixed approach is adopted. So, in this module the focus is on how numerical data collected in either
a qualitative mixed design or a quantitative research design are evaluated. In quantitative studies, typically there is a hypothesis or particular research question. Measures used to assess
the value of the hypothesis involve numerical data, usually organized in sets and analyzed using various statistical approaches. Which statistical applications are appropriate for the data of
interest will be the focus for this module.
Data and Statistics
Match the data with an
appropriate statistic
Approaches based on data
characteristics
Collected for single or multiple
groups
Involve continuous or discrete
variables
Data are nominal, ordinal,
interval, or ratio
Normal or non-normal distribution
Statistics serve two
functions
Descriptive: Describe what
data look like
Inferential: Use samples
to estimate population
characteristics
Slide 3 Transcript
There are, of course, far too many statistical concepts to consider than time allows for us here. So, we will limit ourselves to just a few basic ones and a brief overview of the more
common applications in use. It is vitally important to select the proper statistical tool for analysis, otherwise, interpretation of the data is incomplete or inaccurate. Since different
statistics are suitable for different kinds of data, we can begin sorting out which approach to use by considering four characteristics:
1. Have data been collected for a single group or multiple groups
2. Do the data involve continuous or discrete variables
3. Are the data nominal, ordinal, interval, or ratio, and
4. Do the data represent a normal or non-normal distribution.
We will address each of these approaches in the slides that follow. Statistics can serve two main functions – one is to describe what the data look like, which is called descriptive statistics.
The other is known as inferential statistics which typically uses a small sample to estimate characteristics of the larger population. Let’s begin with descriptive statistics and the measures
of central tendency.
Descriptive Statistics and Central Measures
Descriptive statistics
organize and present data
Mode
The number occurring most
frequently; nominal data
Quickest or rough estimate
Most typical value
Measures of central
tendenc.
initial postWhat are the characteristics, uses, advantages, and di.docxJeniceStuckeyoo
initial post
What are the characteristics, uses, advantages, and disadvantages of each of the measures of location and measures of dispersion? Discuss them with examples
first reply
Measures of location and measures of dispersion are two different ways of describing quantitative variables. Measures of location are often known as averages. Measures of dispersion are often known as a variation or spread. Both measures are helpful with describing statistical information. (Lind, Marchal, & Wathen, 2015)
The different measures of location include: the arithmetic mean, the median, the mode, the weighted mean, and the geometric mean. All of these measures of location pinpoint the center of a distribution of data. An advantage of measures of location is that the averages show us the central value of the data. A disadvantage of only using measures of location is that we may not draw an accurate conclusion because an average does not tell the spread of the data. Some examples of using measures of location include: finding the average price of a concert ticket, finding the average age of homeowners in a community, finding the averages shoe size of boys between the ages of 13-19, and finding the average amount of money people spend on food annually. (Lind, Marchal, & Wathen, 2015)
The different measures of dispersion include: the range, the variance, and the standard deviation. All of these measures of dispersion tell us about the spread of the data and it helps us compare the spread in two or more distributions. Advantages of using measures of dispersion are that it gives us a better idea of the range in which an average was calculated, and it is easy to calculate and understand. A disadvantage of using measures of dispersion is that it is a broad measurement because it only shows the maximum and minimum values of data. For example, the salaries of dentists in the state of Georgia might range from $70,000-$120,000 (just a made up example – not necessarily accurate data). This information is great for someone to know the range of dentist salaries, but it lacks in showing specific information about dentists’ salaries. (Lind, Marchal, & Wathen, 2015)
Lind, D. A., Marchal, W. G., & Wathen, S. A. (2015). Statistical techniques in business & economics. New York, NY: McGraw-Hill Education.
Second Reply
What are the characteristics, uses, advantages, and disadvantages of each of the measures of location and measures of dispersion? Discuss them with examples.
These are the measures in common use of location and dispersion: arithmetic mean, median, mode, weighted mean, and geometric mean. The arithmetic mean, median, and mode The mean usually refers to the arithmetic mean or average. This is just the sum of the measurements divided by the number of measurements. We make a notational distinction between the mean of a population and the mean of a sample. The general rule is that Greek letters are used for population characteristics and Latin letters ar.
Statistical Processes
Can descriptive statistical processes be used in determining relationships, differences, or effects in your research question and testable null hypothesis? Why or why not? Also, address the value of descriptive statistics for the forensic psychology research problem that you have identified for your course project. read an article for additional information on descriptive statistics and pictorial data presentations.
300 words APA rules for attributing sources.
Computing Descriptive Statistics
Computing Descriptive Statistics: “Ever Wonder What Secrets They Hold?” The Mean, Mode, Median, Variability, and Standard Deviation
Introduction
Before gaining an appreciation for the value of descriptive statistics in behavioral science environments, one must first become familiar with the type of measurement data these statistical processes use. Knowing the types of measurement data will aid the decision maker in making sure that the chosen statistical method will, indeed, produce the results needed and expected. Using the wrong type of measurement data with a selected statistic tool will result in erroneous results, errors, and ineffective decision making.
Measurement, or numerical, data is divided into four types: nominal, ordinal, interval, and ratio. The businessperson, because of administering questionnaires, taking polls, conducting surveys, administering tests, and counting events, products, and a host of other numerical data instrumentations, garners all the numerical values associated with these four types.
Nominal Data
Nominal data is the simplest of all four forms of numerical data. The mathematical values are assigned to that which is being assessed simply by arbitrarily assigning numerical values to a characteristic, event, occasion, or phenomenon. For example, a human resources (HR) manager wishes to determine the differences in leadership styles between managers who are at different geographical regions. To compute the differences, the HR manager might assign the following values: 1 = West, 2 = Midwest, 3 = North, and so on. The numerical values are not descriptive of anything other than the location and are not indicative of quantity.
Ordinal Data
In terms of ordinal data, the variables contained within the measurement instrument are ranked in order of importance. For example, a product-marketing specialist might be interested in how a consumer group would respond to a new product. To garner the information, the questionnaire administered to a group of consumers would include questions scaled as follows: 1 = Not Likely, 2 = Somewhat Likely, 3 = Likely, 4 = More Than Likely, and 5 = Most Likely. This creates a scale rank order from Not Likely to Most Likely with respect to acceptance of the new consumer product.
Interval Data
Oftentimes, in addition to being ordered, the differences (or intervals) between two adjacent measurement values on a measurement scale are identical. For example, the di ...
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
ANALYSIS ANDINTERPRETATION OF DATA Analysis and Interpr.docxcullenrjzsme
ANALYSIS AND
INTERPRETATION
OF DATA
Analysis and Interpretation of Data
https://my.visme.co/render/1454658672/www.erau.edu
Slide 1 Transcript
In a qualitative design, the information gathered and studied often is nominal or narrative in form. Finding trends, patterns, and relationships is discovered inductively and upon
reflection. Some describe this as an intuitive process. In Module 4, qualitative research designs were explained along with the process of how information gained shape the inquiry as it
progresses. For the most part, qualitative designs do not use numerical data, unless a mixed approach is adopted. So, in this module the focus is on how numerical data collected in either
a qualitative mixed design or a quantitative research design are evaluated. In quantitative studies, typically there is a hypothesis or particular research question. Measures used to assess
the value of the hypothesis involve numerical data, usually organized in sets and analyzed using various statistical approaches. Which statistical applications are appropriate for the data of
interest will be the focus for this module.
Data and Statistics
Match the data with an
appropriate statistic
Approaches based on data
characteristics
Collected for single or multiple
groups
Involve continuous or discrete
variables
Data are nominal, ordinal,
interval, or ratio
Normal or non-normal distribution
Statistics serve two
functions
Descriptive: Describe what
data look like
Inferential: Use samples
to estimate population
characteristics
Slide 3 Transcript
There are, of course, far too many statistical concepts to consider than time allows for us here. So, we will limit ourselves to just a few basic ones and a brief overview of the more
common applications in use. It is vitally important to select the proper statistical tool for analysis, otherwise, interpretation of the data is incomplete or inaccurate. Since different
statistics are suitable for different kinds of data, we can begin sorting out which approach to use by considering four characteristics:
1. Have data been collected for a single group or multiple groups
2. Do the data involve continuous or discrete variables
3. Are the data nominal, ordinal, interval, or ratio, and
4. Do the data represent a normal or non-normal distribution.
We will address each of these approaches in the slides that follow. Statistics can serve two main functions – one is to describe what the data look like, which is called descriptive statistics.
The other is known as inferential statistics which typically uses a small sample to estimate characteristics of the larger population. Let’s begin with descriptive statistics and the measures
of central tendency.
Descriptive Statistics and Central Measures
Descriptive statistics
organize and present data
Mode
The number occurring most
frequently; nominal data
Quickest or rough estimate
Most typical value
Measures of central
tendenc.
initial postWhat are the characteristics, uses, advantages, and di.docxJeniceStuckeyoo
initial post
What are the characteristics, uses, advantages, and disadvantages of each of the measures of location and measures of dispersion? Discuss them with examples
first reply
Measures of location and measures of dispersion are two different ways of describing quantitative variables. Measures of location are often known as averages. Measures of dispersion are often known as a variation or spread. Both measures are helpful with describing statistical information. (Lind, Marchal, & Wathen, 2015)
The different measures of location include: the arithmetic mean, the median, the mode, the weighted mean, and the geometric mean. All of these measures of location pinpoint the center of a distribution of data. An advantage of measures of location is that the averages show us the central value of the data. A disadvantage of only using measures of location is that we may not draw an accurate conclusion because an average does not tell the spread of the data. Some examples of using measures of location include: finding the average price of a concert ticket, finding the average age of homeowners in a community, finding the averages shoe size of boys between the ages of 13-19, and finding the average amount of money people spend on food annually. (Lind, Marchal, & Wathen, 2015)
The different measures of dispersion include: the range, the variance, and the standard deviation. All of these measures of dispersion tell us about the spread of the data and it helps us compare the spread in two or more distributions. Advantages of using measures of dispersion are that it gives us a better idea of the range in which an average was calculated, and it is easy to calculate and understand. A disadvantage of using measures of dispersion is that it is a broad measurement because it only shows the maximum and minimum values of data. For example, the salaries of dentists in the state of Georgia might range from $70,000-$120,000 (just a made up example – not necessarily accurate data). This information is great for someone to know the range of dentist salaries, but it lacks in showing specific information about dentists’ salaries. (Lind, Marchal, & Wathen, 2015)
Lind, D. A., Marchal, W. G., & Wathen, S. A. (2015). Statistical techniques in business & economics. New York, NY: McGraw-Hill Education.
Second Reply
What are the characteristics, uses, advantages, and disadvantages of each of the measures of location and measures of dispersion? Discuss them with examples.
These are the measures in common use of location and dispersion: arithmetic mean, median, mode, weighted mean, and geometric mean. The arithmetic mean, median, and mode The mean usually refers to the arithmetic mean or average. This is just the sum of the measurements divided by the number of measurements. We make a notational distinction between the mean of a population and the mean of a sample. The general rule is that Greek letters are used for population characteristics and Latin letters ar.
Statistical Processes
Can descriptive statistical processes be used in determining relationships, differences, or effects in your research question and testable null hypothesis? Why or why not? Also, address the value of descriptive statistics for the forensic psychology research problem that you have identified for your course project. read an article for additional information on descriptive statistics and pictorial data presentations.
300 words APA rules for attributing sources.
Computing Descriptive Statistics
Computing Descriptive Statistics: “Ever Wonder What Secrets They Hold?” The Mean, Mode, Median, Variability, and Standard Deviation
Introduction
Before gaining an appreciation for the value of descriptive statistics in behavioral science environments, one must first become familiar with the type of measurement data these statistical processes use. Knowing the types of measurement data will aid the decision maker in making sure that the chosen statistical method will, indeed, produce the results needed and expected. Using the wrong type of measurement data with a selected statistic tool will result in erroneous results, errors, and ineffective decision making.
Measurement, or numerical, data is divided into four types: nominal, ordinal, interval, and ratio. The businessperson, because of administering questionnaires, taking polls, conducting surveys, administering tests, and counting events, products, and a host of other numerical data instrumentations, garners all the numerical values associated with these four types.
Nominal Data
Nominal data is the simplest of all four forms of numerical data. The mathematical values are assigned to that which is being assessed simply by arbitrarily assigning numerical values to a characteristic, event, occasion, or phenomenon. For example, a human resources (HR) manager wishes to determine the differences in leadership styles between managers who are at different geographical regions. To compute the differences, the HR manager might assign the following values: 1 = West, 2 = Midwest, 3 = North, and so on. The numerical values are not descriptive of anything other than the location and are not indicative of quantity.
Ordinal Data
In terms of ordinal data, the variables contained within the measurement instrument are ranked in order of importance. For example, a product-marketing specialist might be interested in how a consumer group would respond to a new product. To garner the information, the questionnaire administered to a group of consumers would include questions scaled as follows: 1 = Not Likely, 2 = Somewhat Likely, 3 = Likely, 4 = More Than Likely, and 5 = Most Likely. This creates a scale rank order from Not Likely to Most Likely with respect to acceptance of the new consumer product.
Interval Data
Oftentimes, in addition to being ordered, the differences (or intervals) between two adjacent measurement values on a measurement scale are identical. For example, the di ...
Similar to Statistics and types of statistics .docx (20)
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
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
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.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@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.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The Role of Non-Banking Financial Companies (NBFCs)
Statistics and types of statistics .docx
1. 1 | P a g e
L F U
First Stage - Group ( A )Faculty of
Business and Economics
Department of Business Administration
First Stage - Group ( A )
ReportFirst Stage - Group ( A )Faculty
of Business and Economics
Department of Business Administration
First Stage - Group ( A )Faculty of
Statistics and types of statistics
Supervised by: Dlshad Mahmood SalehStatistics and
types of statistics
Supervised by: Dlshad Mahmood Saleh
Prepared by: Hawre Idrees KareemSupervised by: Dlshad Mahmood
SalehStatistics and types of
Supervised by:
Prepared by: Hawre Idrees
KareemSupervised by: Dlshad
Mahmood Saleh
Prepared by: Hawre Idrees Kareem
Prepared by:
Prepared by: Hawre Idrees Kareem
Prepared by: Hawre Idrees Kareem
(2022–2023)
Figure
1 types of
statis
tics(
202
2–
ReportFirst Stage - Group ( A )
Report
ReportFirst Stage - Group ( A )
Faculty of Business and
EconomicsLebanese
French University
Faculty of Business and Economics
Department of Business
Administration
First Stage - Group ( A )Faculty
of Business and
EconomicsLebanese
French University
Faculty of Business and
EconomicsLebanese
Report
Report
Report
2. 2 | P a g e
Contents
Introduction ............................................................................................................................................3
types of statistics ................................................................................................................................3
what are Descriptive Statistics and Inferential Statistics....................................................................4
difference between Descriptive statistics and Inferential statistics...............................................4
Types of Descriptive Statistics.............................................................................................................6
Types of Measure of Central Tendency ..............................................................................................7
Types of mean.....................................................................................................................................8
Types of Measure of Variability........................................................................................................10
Measure of Variability.......................................................................................................................10
Figure 1 types of statistics....................................................................................................................3
Figure 2 Inferential Vs Descriptive Statistics........................................................................................6
Figure 3 data-variability........................................................................................................................9
Table 1 Inferential Vs Descriptive Statistics - The Difference..............................................................5
Table 2 Types of Measure of Central Tendency..................................................................................7
Table 3 Types of mean ........................................................................................................................8
Table 4 Types of Measure of Variability............................................................................................10
3. 3 | P a g e
Figure 1 types of statistics
Introduction
Statistics is a branch of mathematics that deals with collecting, organizing, analyzing,
presenting, and interpreting data. Statistics can help us understand patterns, trends, and
relationships in the world, and make informed decisions based on data. Statistics can be
divided into two main types: descriptive and inferential.
types of statistics
4. 4 | P a g e
what are Descriptive Statistics and Inferential Statistics
Descriptive Statistics: and Inferential Statistics are two broad categories in the field of
statistics that have different purposes and methods. Descriptive statistics summarize and
display the characteristics of a data set, such as the mean, median, mode, frequency, and
distribution of the values. Descriptive statistics can precisely describe the data that is
collected from a sample or a population. Inferential statistics, on the other hand, use the
data from a sample to make estimates and test hypotheses about a larger population.
Inferential statistics: on the other hand, use the data from a sample to make estimates and
test hypotheses about a larger population. Inferential statistics allow researchers to draw
conclusions and make predictions based on their data. However, inferential statistics also
involve uncertainty and sampling error, so they cannot guarantee the accuracy or
generalizability of the results.
difference between Descriptive statistics and Inferential statistics
Descriptive statistics and inferential statistics are two branches of statistics that have
different purposes and methods. Descriptive statistics summarize and display the
data in a meaningful way, such as using tables, charts, graphs, or measures of central
tendency and variability. Descriptive statistics do not make any assumptions or draw
any conclusions about the population from which the data are obtained. They only
describe what is seen in the sample.
Inferential statistics use the data from a sample to make inferences or predictions
about the population that the sample stands for. Inferential statistics rely on
probability theory and hypothesis testing to decide how likely it is that the results
obtained from the sample are generalizable to the population. Inferential statistics
can also estimate the parameters of the population, such as the mean, proportion,
or correlation coefficient, based on the sample statistics.
5. 5 | P a g e
Table 1 Inferential Vs Descriptive Statistics - The Difference
Inferential Vs Descriptive Statistics - The Difference
DESCRIPTIVE STATISTICS INFERENTIAL STATISTICS
The utilization of descriptive statis-
tics researchers has total
crude populace data.
The vast majority of the researchers
take the help of inferential statistics
when the crude populace data is in
huge amounts and can't be Assam-
bled or gathered.
The utilization of descriptive statis-
tics is when inspecting
isn't re- quired.
Here testing measure is required as
the analysis depends on
test boundaries.
Properties of the crude populace are
Mean, median and mode are known
as descriptivestatistics pa- riometers.
Properties of the examining data in
the inferential statistics are not
named as boundaries fairly pro-
nouned as statistics.
This kind of statistics has certain
constraints. One can possibly apply
this while having
really estimated data.
It tends to be applied to a huge
populace of data when the example
data is a delegate of the populace.
The descriptive type of statistics is
quite often 100% precise as there are
no suspicions being made for the
crude populace data
Whereas, inferential statistics
depend on the theories or
conclusions dependent on samples.
That is the reason one can't locate a
100% precision in inferential statis-
tics.
6. 6 | P a g e
Figure 2 Inferential Vs Descriptive Statistics
Types of Descriptive Statistics
1. Measure of Central Tendency:
A measure of central tendency is a single value that describes the way in which a group of data
cluster around a central value. In other words, it is a way to summarize the average or typical value
of a dataset. there are three main measures of central tendency, mean, the median, and the mode.
the mean is the sum of all the data values divided by the number of values in the dataset, It is also
known as the arithmetic average, mean is sensitive to outliers, which are extreme values that are
much higher or lower than the rest of the data, median is the middle value of a dataset that has
been arranged in ascending or descending order, It divides the dataset into two equal halves.
Outliers do not affect the median, so it is a more robust measure of central tendency than the mean,
the mode is the most often occurring value in a dataset, There can be more than one mode if two or
more values have the same frequency, or no mode if all values have different frequencies, mode can
be used for any type of data, including nominal data that have no numerical value.
7. 7 | P a g e
Table 2 Types of Measure of Central Tendency
Types of Measure of Central Tendency
Mean: The mean is the average of a set of numbers. It is calculated by adding up all
the numbers and dividing by the number of values. The mean is a useful measure of
central tendency when the data is symmetric and has no outliers.
Median: The median is the middle value of a set of numbers when they are arranged
in ascending or descending order. If there is an odd number of values, the median is
the middle one. If there is an even number of values, the median is the average of
the middle two. The median is a useful measure of central tendency when the data is
skewed or has outliers.
Mode: The mode is the most frequent value in a set of numbers. There can be more
than one mode if two or more values have the same frequency. The mode is a useful
measure of central tendency when the data is categorical or discrete.
Central Tendency
Mode
Mean Median
8. 8 | P a g e
Table 3Types of mean
Types of mean
Geometric: The geometric mean of n positive numbers is the n-the root of their
product. It is often used to calculate average rates of change or growth, such as
population growth or compound interest.
Harmonic: The harmonic mean of n positive numbers is the reciprocal of the
arithmetic mean of their reciprocals. It is often used to calculate average rates when
dealing with ratios or fractions, such as speed, density, or harmonic frequency.
Weighted: The weighted mean of n numbers is the sum of their products with their
corresponding weights divided by the sum of the weights. It is often used to
calculate average values when some data values have more importance or influence
than others, such as grades, test scores, or survey responses.
Mean
Weighted
Geometric Harmonic
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Figure 3 data-variability
2. Measure of Variability:
A measure of variability is a single value that describes the spread or dispersion of a dataset. In other
words, it is a way to summarize how much the data values differ from each other, there are several
measures of variability, such as the range, the interquartile range, the standard deviation, and the
variance, range is the difference between the maximum and minimum values in a dataset, It gives an
estimate of how large the spread of the data is, but it does not consider how the data are
distributed, interquartile range (IQR) is the difference between the first quartile (Q1) and the third
quartile (Q3) of a dataset, first quartile is the median of the lower half of the data, and the third
quartile is the median of the upper half of the data, IQR shows how much variation there is in the
middle 50% of the data, and it is not affected by outliers, standard deviation (SD) is a measure of
how much each data value deviates from the mean, It is calculated by taking the square root of the
variance, standard deviation tells us how closely clustered or widely dispersed the data values are
around the mean, variance (V) is a measure of how much each data value deviates from the mean
squared. It is calculated by taking the average of the squared differences between each data value
and the mean, variance gives an idea of how much variation there is in the entire dataset, but it is
not easy to interpret because it has different units than the original data.
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Table 4 Types of Measure of Variability
Types of Measure of Variability
Range: is the difference between the highest and lowest values in the data set. It is
the simplest measure of variability to calculate, but it is influenced by outliers and
does not give any information about the distribution of values.
Variance: is the average of squared distances from the mean. It measures how far
each value is from the mean on average. Squaring the distances ensures that positive
and negative deviations do not cancel out. However, variance is not in the same unit
as the original data and can be difficult to interpret.
Dispersion:
are the three commonly used measures of dispersion.
1. Interquartile range (IQR): the difference between the third quartile (Q3) and the
first quartile (Q1) of the data set. It is the range of the middle 50% of the data,
and it is less affected by outliers than the range. It is a good measure of
variability dispersion for skewed distributions.
2. Variance: the average of the squared distances of each value from the mean of
the data set. It is a measure of how much the values deviate from the center of
the distribution. It is always positive, and it has a different unit than the original
data.
3. Standard deviation: the square root of the variance. It is a measure of how much
the values deviate from the center of the distribution. It has the same unit as the
original data, and it is easier to interpret than the variance.
These measures of variability dispersion can help us compare different data sets
or different aspects of the same data set. For example, we can use them to
assess how reliable a sample mean is as an estimate of a population mean, or
how homogeneous or heterogeneous a population is.
Measure of Variability
Dispersion
Range Variance