Types of Statistical Analysis
Types of Statistical Analysis
Defining Statistics
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Statistics involve the collection, interpretation and analysis of raw data. As a mathematical science, statistics can provide predictions and probabilities pertaining to certain events or simply be used to describe the data. The use of statistics occurs in a wide variety of disciplines -- government, media, social sciences. There are two forms of statistics: descriptive and inferred.
Descriptive Statistics
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Descriptive statistics describe a set of data in quantitative measurements. This form of statistics employs techniques of organizing and then summarizing raw data. The data is summarized using specific statistical tools -- graphs and charts -- that provide a visual explanation of the data. Summaries are created to show dispersion, association and frequency distribution. Measurements used in descriptive statistics include averages and percentages. Sponsored Links GeoGraphix Test Drive Evaluate industry's most complete G&G interpretation system www.lmkr.com
A common example of descriptive statistics is its use in reporting test scores. Each score is compared to the total of tests that were taken. The scores are then analyzed to discover the average score (also called the mean), the median (the exact middle score), and the mode (the most frequently occurring score). These are all estimates of central tendency and they are descriptions used to see where each person taking the test fits into the group.
Inferential Statistics
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Inferential statistics are also called inductive statistics. Inferential statistics are used to make predictions based on a smaller group (subset or random sample) of the larger population. These statistics are inferences or conclusions drawn about an unknown angle or aspect of that population. Inferential statistics includes the concept of probability or the chance that a particular event will happen based on the data gathered.
Election polling predictions are based on inductive (inferential) statistics. Data is gathered at different points in the campaign process by sampling the voting
population and creating a subset. Each member of the subset is then asked who they will vote for. From their response all manner of predictions are drawn about the election. Read more: Types of Statistical Analysis | eHow.com http://www.ehow.com/about_5114196_types-statistical-analysis.html#ixzz21RCTaNAv