Exam #1
- What are the two types of statistics? (5pts.)
The two types of statistics are descriptive and inferential. In descriptive statistics, the data of a population is summarized graphically or numerically through derivation of statistics related to central tendency and dispersion around the same. The shape and nature of distribution is also used in descriptive statistics. In inferential statistics, the parameters of a population are inferred according to sample statistics. This involves the estimation of statistics of a group allowing for approximation of information data relating to the entire population. In this type of statistics, modeling are used to generate mathematical ...
