the science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions.
3.)No matter what your future line of work, you will make decisions that involve data.
Statistics
Numerical Information
Examples: 1Average starting salary of college graduates 2Average number of Fords sold per month at Ford Cagayan 3Percentage of undergraduates attending CU who will attend graduate school 4The number of deaths due to alcoholism last year 5etc. +1000
Graphical Information
Examples:
-1000
86
87
88
89
90
91 92
TYPES OF STATISTICS
Descriptive Statistics is a scientific method of dealing with data. It is the collection, organization, presentation and interpretation of numerical data. Statistics are also quantities calculated from observations.
Inferential Statistics involves the interpretation of values resulting from the descriptive techniques. It also involves making inferences, conclusions, or decisions about the population of which the sample is a part, again using sample results. The objective of inferential statistics is to draw inferences from a small group (sample) to a large group (population) and to do so with a well defined degree of confidence.
Scales of Measurement
1. Nominal or Classificatory Scale
Numbers are used as codes simply to classify an object, persons or characteristics into certain categories (Equivalence). Example : Red = 0 Blue = 1 Green = 2
3. Interval Scale
Has all the characteristics of ordinal scale and nominal scale and in addition, the distance between 2 points on the scale is known. However, the zero point is artificial. (Equivalence, or, difference between two points can be compared) Example: 320 C, 900F (VariableTemperature)
DATA COLLECTION
Primary Data. Gathered by the Researcher. Secondary Data. Using data of other sources Census. Complete enumeration in which every member of the population is included. Sample Survey. Survey of a portion of the population.
Sampling Procedures
1. Probability Sampling. A sampling
method, which makes use of the knowledge of the characteristics of the individual element in the population and thus, the chance that, each element has of being drawn as sample.
2.
Non
Probability Sampling. A
sampling method which does not specify the probability of selection of the elements in the population.
Examples: a.) accidents or haphazard samples items which come in handy are taken as samples. TV commercial of a certain product where a buyer in a superstore is interviewed b.) judgment or purposive sampling sample is selected with the researchers subjective judgment. c.) quota sampling - purposive sampling with the added specification that sample is proportioned to the population.
2.
Systematic
Random
Sampling.
Sampling wherein every kth unit is included after a random start is taken for the sample.
Sampling Techniques
SLOUVINS FORMULA
N n = --------------1 + Ne2
where
N = population n = no. of sample e = margin in of error or level of significance (0.01, 0.05, 0.001)