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BUS172:
Introduction to Statistics
Chapter 1
Why Study Statistics?
Chap 1-1
Chap 1-2
Importance of Statistics
Chap 1-3
Key Definitions
Chap 1-4
Sample
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x y
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Values computed from
sample data are called
statistics
Chap 1-5
Example:
Sample vs. Population
Chap 1-6
Random Sampling
Simple random sampling is a procedure in which
each member of the population is chosen strictly by chance,
each member of the population is equally likely to be chosen,
and
every possible sample of n objects is equally likely to be chosen
Chap 1-7
Descriptive statistics
Inferential statistics
Descriptive Statistics
Collect data
Present data
e.g., Survey
Summarize data
Chap 1-9
Inferential Statistics
Estimation
Hypothesis testing
Exercise 1.8
a)
b)
c)