Outline

Sept. 2005

1. Mark L, Berenson, David M. Levine, Timonthy C. Levine, Basic Business Statistics Concepts and Applications, 10rd Edition, 2005 2. 2003 1 Introduction to Statistics 2 Charts and Graphs 3 Describing Data: Measures of Location 4 Describing Data: Measures of Dispersion 5 Probability 6 Discrete Probability Distributions 7 Discrete and Normal Probability Distribution 8 Normal Probability Distribution 9 Sampling Methods and Sampling Distributions 10 Midterm Exam

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-1

11 Sampling Methods and Sampling Distributions 12 Statistical Inference: Estimation for Single Populations 13 Statistical Inference: Hypothesis Testing for Single Populatiosn 1 14 Statistical Inference: Hypothesis Testing for Single Populatiosn 2 15 Statistical Inferences about Two Populations 16 Analysis of Variance 1 17 Analysis of Variance 2 18 Final Exam.
Chap 1-2

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

1 Matrices and Determinants 2 Linear Regression and Correlation 1 3 Linear Regression and Correlation 2 4 Multiple Regression and Correlation Analysis 1 5 Multiple Regression and Correlation Analysis 2 6 Multiple Regression and Correlation Analysis 3 7 Nonparametric Methods: Chi-Square Applications 1 8 Nonparametric Methods: Chi-Square Applications 2 9 Midterm Exam.
Chap 1-3

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

10 Nonparametric Methods: Analysis of Ranked Data 11 Statistical Quality Control 12 Index Number 13 Time Series and Forecasting 1 14 Time Series and Forecasting 2 15 Time Series and Forecasting 3 16 An Introduction to Decision Making 17 Final Exam.
Chap 1-4

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

30-40. 30 30. 10.

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-5

http://www.stat.gov.tw/ http://mops.tse.com.tw/ http://www.stats.gov.cn/ http://www.bls.gov/ http://www.statistics.gov.uk/ http://www.fedstats.gov/ http://episte.math.ntu.edu.tw/ http://mathworld.wolfram.com/topics/ProbabilityandStatistics.html Probability and Statistics http://www.stat.ncku.edu.tw/bgsf/dissemination/talk/talk.htm http://home.kimo.com.tw/g894730/index.html http://140.128.104.155/wenwei/thesis/Basic.html http://eprob.math.nsysu.edu.tw/ http://ibm9.math.nsysu.edu.tw/StatDemo/ http://probstat.nuk.edu.tw/ http://estat.ncku.edu.tw/new/ http://www.math.ntu.edu.tw/link/math_field_pro.htm

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-6

Basic Business Statistics

10th Edition
Chapter 1

Introduction and Data Collection

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc.

Chap 1-7

Learning Objectives
In this chapter you learn:

How Statistics is used in business

The sources of data used in business

The types of data used in business

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-8

Basic Concepts of Statistics

Statistics is concerned with:

Processing and analyzing data

Collecting, presenting, and transforming data to assist decision makers

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-9

Key Definitions

A population (universe) is the collection of all members of a group A sample is a portion of the population selected for analysis A parameter is a numerical measure that describes a characteristic of a population A statistic is a numerical measure that describes a characteristic of a sample

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-10

Population vs. Sample

Population
a b cd

Sample
b gi o r y
Measures computed from sample data are called statistics
Chap 1-11

c n u

ef gh i jk l m n o p q rs t u v w x y z

Measures used to describe a population are called parameters

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Two Branches of Statistics

Descriptive statistics

Collecting, summarizing, and presenting data

Inferential statistics

Drawing conclusions about a population based only on sample data

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-12

Descriptive Statistics

Collect data

e.g., Survey

Present data

e.g., Tables and graphs

X e.g., Sample mean = n

Characterize data

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-13

Inferential Statistics

Estimation

e.g., Estimate the population mean weight using the sample mean weight
e.g., Test the claim that the population mean weight is 120 pounds

Hypothesis testing

Drawing conclusions about a population based on sample results.

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc.. Chap 1-14

Collecting Data
Primary
Data Collection

Secondary
Data Compilation
Print or Electronic

Observation

Survey

Experimentation

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-15

Types of Data
Data

Categorical
Examples:

Numerical

Marital Status Political Party Eye Color (Defined categories)

Discrete
Examples:

Continuous
Examples:

Number of Children Defects per hour (Counted items)

Weight Voltage (Measured characteristics)

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-16

Levels of Measurement and Measurement Scales

Differences between measurements, true zero exists Differences between measurements but no true zero

Ratio Data

Highest Level (Strongest forms of measurement)

Interval Data
Higher Levels

Ordered Categories (rankings, order, or scaling)

Ordinal Data
Lowest Level (Weakest form of measurement)

Categories (no ordering or direction)

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Nominal Data

Levels of Measurement and Measurement Scales

EXAMPLES:

Ratio Data

Differences between measurements, true zero exists

Height, Age, Weekly Food Spending

Interval Data

Differences between measurements but no true zero

Temperature in Fahrenheit, Standardized exam score Service quality rating, Standard & Poors bond rating, Student letter grades Marital status, Type of car owned

Ordinal Data

Ordered Categories (rankings, order, or scaling)

Nominal Data

Categories (no ordering or direction)

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chapter Summary

Reviewed basic concepts of statistics:

Population vs. Sample Parameter vs. Statistic Primary vs. Secondary data sources

Defined descriptive vs. inferential statistics

Reviewed types of data and measurement scales

Categorical vs. Numerical data

Discrete vs. Continuous data

Nominal and Ordinal scales Interval and Ratio scales

Basic Business Statistics, 10e 2006 Prentice-Hall, Inc..

Chap 1-19