0% found this document useful (0 votes)
5 views4 pages

Topic 8

MTH100 Topic-8
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
5 views4 pages

Topic 8

MTH100 Topic-8
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

General Mathematics VU

Statistics Topic 8

 Definition: Methods of collection, organization and analysis of numerical information are collectively
called statistics. Pieces of numerical and non-numerical information are called data. In order to
collect data, you need to observe or measure some property; this property is called a variable.

 Definition: A variable is qualitative if it is not possible for it to take a numerical value. A variable is
quantitative if it can take a numerical value. A quantitative variable which can take any value in a
given range is called a continuous variable. A quantitative variable which has clear steps between its
possible values is called a discrete variable.

 Types of Statistics: Descriptive Statistics comprises those methods concerned with collection and
describing a set of data so as to yield meaningful information.

o Example: Summarized large amounts of data collected from the pool games of 2011 cricket
world cup to provide immediate meaningful information concerning the performance of each
team.

 Inferential Statistics comprises those methods concerned with analysis of a subset of data leading to
predictions or inferences about the entire set of data.

o Example: Suppose we collected data for 30 years regarding the average rainfall in the month
of July in Lahore, and the amount came to be 3.3 centimeters. We make the inference that
next year in the month of July we can expect between 3.2 and 3.4 centimeters of rain.

© Copyright Virtual University of Pakistan 1


General Mathematics VU

Where can Statistics Contribute?

 Business and Industry


o Manufacturing
 Improve product quality
 Increase efficiency of processes
o Marketing
 Conduct sample surveys
 Determine product viability
 Estimate advertisement effectiveness
o Engineering
 Make consistent product
 Predict product life
o Banking
 Estimate the risk of a company defaulting on loan
 Determine effective asset allocation for portfolios

 Health and Medicine


o Epidemiology
 Calculate cancer incidence rates
 Monitor disease outbreaks
 Study risk factors for various diseases
o Public Health
 Design community efforts
 Education programs
o Pharmacology
 Drug discovery, development, and approval
 Ensure validity of results in clinical trials
o Genetics
 Identify potential indicators for specific diseases or traits
 Test gene modification for treatment of diseases

 Natural Resources
o Agriculture
 Evaluate differences in crop management
 Evaluate the best combinations of fertilizers, pesticides and densities of planting.
o Ecology
 Study changes in local and global climate
 Develop strategies to improve the environment
 Study the impact of new industrial plants on surrounding ecology
o Geography
 Evaluate the amount of rainfall one can expect for a given area based on longitude,
latitude and distance from the sea.

 Social and Natural Sciences


o Physics
 Determine when an increase in the density of cosmic rays signals the presence of a
supernova

© Copyright Virtual University of Pakistan 2


General Mathematics VU

 Conducting tests to determine existence of new particles.


o Chemistry
 Predict shape of large molecules
 Analysis of mass spectrometry data
o Biology
 Seek to better understand why insects cluster
 Identify genes related to a particular disease
o Sociology
 Estimate the chances of a major war in the next five years
 Study the increase in rates of marriage failure
 Determine the characteristic of prisoners to study risk of them repeating criminal
behavior.
o Psychology
 Study the effects of narcotics on schizophrenia
 Determine if the existence of extrasensory perception can be demonstrated
 Evaluate the relationship between shyness and loneliness
o Anthropology
 Determine the age of an archaeological site
 Analyze the percentage difference in body fat between urban and rural dwellers in
Pakistan
o Zoology
 Evaluate the differences in behavior of caged animals when they are outdoors and
when they are indoors
 Determine what techniques are more effective in counting a given species of bird.

 Education
o Develop effective teaching strategies
o Research appropriate and informative evaluation (testing) instruments
o Identify risk factors for bullying, dropping out, failing
o Identify factors contributing to a decrease/increase in student achievement
o Study the proportion of graduates of various programs subsequently employed in their field
of study

 Government Media and Law


o Government Agencies
 Design and implement effective sampling strategies
 Estimate the unemployment rate
 Track and report changes in the economy
 Regulations on stock trading, drug approval, pollution
o Journalism
 Effective communication of statistical ideas to a broad audience
 Participation in education efforts
o Expert Witness
 Testify in court cases involving DNA evidence, salary discrepancies, discrimination,
and disease clusters

 Definitions: A population is defined as the set of all possible members of a stated group.
A cross-section of the returns of all of the stocks traded on the New York Stock Exchange
(NYSE) is an example of a population.

© Copyright Virtual University of Pakistan 3


General Mathematics VU

 Definition: A sample is defined as a subset of the population of interest. Once a


population has been defined, a sample can be drawn from the population, and the
sample’s characteristics can be used to describe the population as a whole.

 Definition: A measure used to describe a characteristic of a population is referred to as a


parameter.

 Definition: It is frequently too costly or time consuming to obtain measurements for


every member of a population, if it is even possible. In this case, a sample may be used.
In the same manner that a parameter may be used to describe a characteristic of a
population, a sample statistic is used to measure a characteristic of a sample.

 Measurements Scales:

o Nominal scale: Observations are classified or counted with no particular order.


It consists of assigning items to groups or categories. No quantitative information
is conveyed and no ordering of the items is implied. Nominal scales are therefore
qualitative rather than quantitative.
 Religious preference, race, and gender are all examples of nominal
scales.

o Ordinal scale: All observations are placed into separate categories and the
categories are placed in order with respect to some characteristic. Differences
between values makes no sense.
 Political parties on left to right spectrum given labels 0, 1, 2; restaurant
ratings, etc, are examples of ordinal scales.

o Interval scale: This scale provides ranking and assurance that differences
between scale values are equal. Difference makes sense, but ratio doesn’t; and
there is no natural zero.
 temperature (C,F) and dates are examples of interval scale

o Ratio scale: These represent the strongest level of measurement. In addition to


providing ranking and equal differences between scale values, ratio scales have a
true zero point as the origin.
 Height, weight, age and length are all examples of ratio scale.

© Copyright Virtual University of Pakistan 4

You might also like