math 1107 elementary statistics lecture 1 introduction to statistics
TRANSCRIPT
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MATH 1107Elementary Statistics
Lecture 1Introduction to Statistics
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• About this course– Objectives– Assignments, Project & Grading Policy– Course Syllabus & Schedule– Use of Internet Site and EXCEL
• About You – Course Expectations
MATH 1107 - Introduction
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Why I think Statistics is important:
• Nothing Kills an Opinion Like a Number;“Data trumps intuition. Instead of using our intuition, we experiment on the live site and let our customers tell us what works for them” – Director of Data Mining at Amazon (page 8)
• Stats is the basic medium for communication of data;
“Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write.”- H.G. Wells
• A basic understanding of Stats (and EXCEL) is required to do anything in any discipline well.
MATH 1107 - Introduction
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Statistics and Decision Making:
Intelligence Design Choice
MATH 1107 - Introduction
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Data assumes different forms – it answers the questions of Who, What, When, Where, Why and How:
•Census•Sample•Parameter•Sample•Qualitative•Quantitative•Discrete•Continuous
MATH 1107 - Introduction
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MATH 1107 - Introduction
1. Nominal – Categorical• Gender• Colors
2. Ordinal – Categorical with Order• Course Grade• High/Medium/Low
3. Interval – No Natural Starting Point• Temperature
4. Ratio – Meaningful differences and True zero• Price of textbooks• Weight of textbooks