Master this deck with 10 terms through effective study methods.
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A method for decision making under uncertainty using numerical data.
Collecting, organizing, presenting, analyzing, and concluding data.
Descriptive statistics focuses on detailed study of a sample, while inferential statistics draws conclusions about a population from a sample.
It provides guidance for decision-making and helps analyze data effectively.
The complete set of elements or members in a statistical study.
A representative subset drawn from a population for analysis.
They can lead to false interpretations and misguided decisions.
It only applies to quantitative data and cannot ascertain everything.
It aids in making optimal decisions and understanding variable relationships.
Applying statistical techniques to evaluate and interpret data.