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Questions and Answers
What is the Singular Sense of statistics?
What is the Singular Sense of statistics?
- First ever census done in Egypt
- Qualitative or quantitative data collected for statistical analysis
- Word origin in Latin, Italian, German, and French
- Scientific method used for collecting, analyzing and presenting data (correct)
Where did the word 'statistics' originate from?
Where did the word 'statistics' originate from?
- Latin word – Status (correct)
- German word – statistic
- French word – statistique
- Italian word – Statista
What is a limitation of statistics?
What is a limitation of statistics?
- Can only be used for quantitative data, not qualitative
- Based on conditions/assumptions and any change will change the projection
- Relevant for aggregate data and not individual data (correct)
- Used for business decisions and policy making
Which field uses statistics for Time Series analysis and regression analysis?
Which field uses statistics for Time Series analysis and regression analysis?
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What does 'inferences' mean in the context of statistics?
What does 'inferences' mean in the context of statistics?
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Study Notes
Definition of Statistics
- The singular sense of statistics refers to the mathematical science that deals with the collection, analysis, interpretation, presentation, and organization of data.
Origin of the Word 'Statistics'
- The word 'statistics' originated from the German word 'Statistik', which means "the science of state affairs".
Limitations of Statistics
- One limitation of statistics is that it can be misused or misinterpreted, leading to incorrect conclusions or decisions.
Applications of Statistics
- The field of Economics commonly uses statistics for Time Series analysis and regression analysis to understand and forecast economic trends and patterns.
Inferences in Statistics
- In the context of statistics, inferences refer to the process of making informed decisions or conclusions based on a sample of data, about a larger population or phenomenon.
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Description
Test your knowledge of statistical methods and data analysis with this quiz. Learn about the scientific method used for collecting and analyzing data, drawing statistical inferences, and reaching conclusions based on evidence and reasoning.
