Probability and Statistics: (MATH-361)
Probability and Statistics: (MATH-361)
Probability and Statistics: (MATH-361)
(MATH-361)
Introduction
hina.dutt@seecs.edu.pk
SEECS-NUST
Course Logistics
Course Code: MATH-361 Semester: 5th
TIME
09:00-10:00 10:00-11:00 11:00-12:00 12:00-13:00 13:00-14:00 14:00-15:00 15:00-16:00 16:00-17:00
DAY
Monday
Tuesday
Assignments 10-20 %
Midterm Exam 30-40 %
End Semester Exam 50-60 %
Books
Text Books:
Probability and Statistics for Engineers, Sixth Edition by Richard A. Johnson
Advanced Engineering Mathematics by E. Kreyszig
Reference Books:
Introduction to Statistical Theory (Part I & II), Seventh Edition by Prof Sher
Muhammad Chaudhry & Dr. Shahid Kamal
Probability and Statistics for Engineers & Scientists, Seventh Edition by
Walpole Myers
Probability and Statistics by Murray R. Speigel
What is
Probability and
Statistics?
Probability is the Science of
Uncertainty
Statistics is the Science of
Data
Meaning of Statistics
The word Statistics is used to refer to
Numerical facts such as number of students in
BEE-10.
The study of ways of collecting, analyzing and
interpreting the facts.
Meaning of Statistics
Statistics is defined as a discipline that includes
procedures and techniques used to
collect
process
present and
analyze
numerical data to make inferences and to reach
decision in the face of uncertainty.
Why Study
Statistics?
Scope of Statistics
Simplifies complex data
Converts data into information and makes it more useful in
decision making
Measures uncertainty and variability and so helps in
measuring risks
Discovers past and emerging patterns in a data and so helps
in forecasting
Helps in estimation and validating assumptions
Applications of Statistics
Marketing- Developing market surveys and strategies for
marketing new products
Economics- Formation of economic policies
Finance- Helps in value at risk, stock market-derivative
Public Health- Identifying sources of diseases and ways to
treat them
HR- Performance evaluations, Feedback of training program
IT- Optimization of server time, testing software
Basic
Definitions
Population and Sample
Parameter Population
Statistic Sample
Parameters & Statistics; Example
Decide whether the numerical value describes a population
parameter or a sample statistic.
A recent survey of a sample of 450 university students
reported that the average weekly income for students is $325.
The average weekly income for all students is $405.
Branches Of Statistics
Statistics
Descriptive Inferential
Statistics Statistics
Qualitative Quantitative
Data Data
Consists of Consists of
attributes, labels, or numerical
non numerical measurements or
entries counts.
Qualitative Data; Examples
Nominal
Lowest to
Levels Ordinal highest
of
Measurement Interval
Ratio
Nominal Level of Measurement
Data at the nominal level of measurement are
qualitative only.
Nominal
Levels
Calculated using names, labels, or
of qualities. No mathematical
Measurement computations can be made at this level.
Levels Ordinal
of Arranged in order, but differences
Measurement between data entries are not
meaningful.