A statistical / mathematical model is a simplification of a real world situation. It can be used to analyze and make predictions on a complex real world problem. Advantages of a statistical model: # Quick, cheap, easy to produce. Simplifies a complex situation Helps with better understanding of the situation used to make predictions.
A statistical / mathematical model is a simplification of a real world situation. It can be used to analyze and make predictions on a complex real world problem. Advantages of a statistical model: # Quick, cheap, easy to produce. Simplifies a complex situation Helps with better understanding of the situation used to make predictions.
A statistical / mathematical model is a simplification of a real world situation. It can be used to analyze and make predictions on a complex real world problem. Advantages of a statistical model: # Quick, cheap, easy to produce. Simplifies a complex situation Helps with better understanding of the situation used to make predictions.
A statistical / mathematical model is a simplification of a
real world situation. It can be used to analyze and make predictions on a complex real world problem. This also help with a better understanding of the situation.
Statistical experiment:
A method of collecting data to test against a hypothesis/ prediction.
Events:
A set of Possible Outcomes in a Statistical Experiment.
Designing a model:
Advantages of a statistical model:
Quick, cheap, easy to produce.
Simplifies a complex situation
Helps with better understanding of the situation
Used to make predictions.
Provides control over other real life aspects.
i.e Weather and aircraft scheduling.
Disadvantages of a statistical model:
Is a simplified model that only describes a part of the
real life problem
Does not include all expects
Not totally accurate
May only work in certain situations or for a particular
range of value .
Chapter 2: Theory Variables: Variables can be
Qualitative: nonnumerical observation
i.e hair color.
Quantitative: Numerical observation
i.e Number of cars on the road.
Qualitative Variables can be Continous and Discrete.
Grouped data = Continous data. Ungrouped data = Discrete data. Grouped value data for a particular frequency is called a class ie ( 6 - 7 ) or ( a - b )
Class boundaries are the mean of bleeding sides in a gap
between the classes. ie ( 7 - 8 ) and ( 9 - 10), the class boundaries would be (8+9)/2 = 8.5 and the class is (7.5 - 8.5), (8.5 - 9.5)
Mean (): The average of all the available data.
Mode: The observation that appeared with the maximum frequency in an experiment. Median: The absolute Middle value in a set of observation
Considered as the 50% of the total value and Q2 Quartile
Quartiles: Divisions in a set of data as 25% being lower quartile ( Q1 ), 50% being median ( Q2 ), and 75% being upper quartile ( Q3 ). Inter-Quartile range (IQR): is the difference between the upper
and lower quartiles. (IQR = Q3 - Q1) .
Standard deviation (SD): Standard deviation () measures the amount of variation or dispersion from the average. A low standard deviation indicates that the data points tend to be very close to the mean; a high standard deviation indicates that the data points are spread out over a large range of values.
Variance: Variance measures how far a set of numbers is spread
out. A variance of zero indicates that all the values are identical
Ungrouped data can be both in raw format or tabular format