The Study of Basic Statistics
This article introduces a broad idea about the basics of Business Statistics.
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Statistics are numerical measures that describe a characteristic of a sample.
Statistics started at the beginning of the twentieth century.
We use statistics to compute ( mathematics ), to derive public opinions about a certain product or commodity, to forecast events, to collect data, to make researches, to organize our reasoning about markets, to make decisions and to draw conclusions.
In Basic Statistics you will be studying two parts. The first part is called Descriptive Statistics, while the second part is composed of two branches, Inferential Statistics and Probability.
Outliers are unusual results that appear after a statistical study or experiment.
Before starting the core material of your course, you have to be familiar with the terminology of Statistics. The following are very important key words: Population, Data, Sample, Parameter, Statistic.
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4 Responses to “The Study of Basic Statistics”
On October 9, 2009 at 10:28 am
I had to take a statistics course as part of my engineering curriculum. I wish you had gone into a little more detail here, but you’ve given a general idea. I suppose people can look up other articles to get more information if they’re interested.
On October 9, 2009 at 3:56 pm
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On October 9, 2009 at 4:11 pm
This was just a general idea of what i understood during my first statistics course i take, i know it’s not much, but i will be willing to share almost everything i get with during my study time.
On October 9, 2009 at 4:17 pm
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