Requirement in math

211
(statistic)
Submitted to:
Mrs . Mercibelle A.Trinidad

Submitted by:
Aiden M. Ganding BSET-1

Define the following

A . Statistics
B . Descriptive Statistics
C . Inferential Statistics
D . Population
C . Sample
F . Parameter
G . Statistic
H . Data

A. statistics
the practice or science of collecting and
analyzing numerical data in large
quantities, especially for the purpose of
inferring proportions in a whole from
those in a representative sample.

B . Descriptive statistics are numbers that

are used to summarize and describe data.
The word "data" refers to the information
that has been collected from an
experiment, a survey, a historical record,
etc.

C. inferential statistics
Mathematical methods that employ probability theory
for deducing (inferring) the properties of a population
from the analysis of the properties of a data sample
drawn from it. It is concerned also with the precision
and reliability of the inferences it helps to draw.
D. population
all the inhabitants of a particular place.
a particular group or type of people living in a
place.
the extent to which an area is or has been
populated.
the action of populating a place.

E. Sample
a small part or quantity intended to show what the
whole is like.
F. parameter
Technical
a numerical or other measurable factor forming
one of a set that defines a system or sets the
conditions of its operation.
MATHEMATICS
a quantity whose value is selected for the
particular circumstances and in relation to which
other variable quantities may be expressed.
STATISTICS
a numerical characteristic of a population, as
distinct from a statistic of a sample.

G. statistic
a fact or piece of data obtained from a study of a
large quantity of numerical data
H . data
facts and statistics collected together for
reference or analysis
I. variable
an element, feature, or factor that is liable to
vary or change.
a quantity which during a calculation is
assumed to vary or be capable of varying in
value.

J. measurement
the action of measuring something.
the size, length, or amount of something, as
established by measuring.
a unit or system of measuring.

Give the importance of statistics in

A. Education
B. Business
C. Economics

What is the importance of statistics

in education?
The field of education has a number of challenges in
terms of policy planning, and statistics are particularly
important as they often provide some of the only
objective information that administrators use when
making organizational and curricular
decisions. Without this hard data in place, often
nothing separates the merits of the various arguments
that people on different sides of policy decisions make
supporting their own cases

What is the importance of

statistics in business?

Statistics are an important tool for running a

business. Managers are required to make decisions
based on data collected over time. This data is
worthless unless it is analyzed and interpreted;
statistics allows business managers to analyze the
data and arrive at meaningful conclusions.

What is the importance of

statistics in economics?
Statistics are a methodology necessary in the field of
statistics and are used to collect, analyze and evaluate
data. Economics depends heavily on the use of statistics
Economics is defined as the study of how people behave with
regard to the production and consumption of goods. As a
social science, economics attempts to describe trends in
consumer markets, such as wealth acquisition and transfer.
There are two forms of economics:
Macroeconomics: analysis of large-scale economic activity,
such as within a country or international market
Microeconomics: analysis of small-scale economic activity,
such as between individuals and corporations