Monday, February 11, 2013

What is Statistics in Math

Introduction to statistics in math:

What is statistics in math?

In math, Statistics is the science of making effective use of numerical data relating to groups of individuals or experiments. Mathematical statistics deals with all aspects of this, including not only the collection, analysis and interpretation of such data, but also the planning of the collection of data, in terms of the design of surveys and experiments. I like to share this Data Sets for Statistics with you all through my article.

Statistics is specifically useful in drawing general conclusions about a set of data from a sample of the data. Statistics can either be singular or plural. In the singular form, Statistics is a quantity calculated from a set of data, whereas in plural form statistics is the mathematical science discussed in their article


Statistical definitions in math:

What is statistical inference?

It makes use of information from a sample data to formulate conclusions about the population from which the sample was taken.

What is experiment in statistics?

Experiment is a process which results in the collection of data, the outcome of which is unknown

What is Sampling unit in statistics?

Sampling unit is a unit in which an aggregate is divided for the purpose of sampling, each unit being regarded as individual and indivisible when the selection is made.

What is population in statistics?

Population represents the collection of people, plants, animals or thing from which we may collect data.

Sample:

A group of units selected from a larger group is called sample.

Parameter:

Parameter is an unknown value which has to be estimated used to represent a certain population characteristic

Sampling distribution:

Sampling Distribution explains the probabilities associated with a statistic when a random sample is drawn from a population .Understanding Double Box and Whisker Plot is always challenging for me but thanks to all math help websites to help me out.


What are the benefits and applications of statistics in math

Benefits:

Statistics provides a presentation of collected and organized data through the figures, charts, diagrams and graph.

Statistics also provides more critical analyses of information

Application:

Bio statistics
Chemo metrics
Demography
Actuarial science
Econometrics
Epidemiology
Geo statistics
Population ecology
Statistical finance
Statistical mechanics
Statistical physics

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