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Chapter 1
Statistics, Data, &
Statistical Thinking
Economics Engineering
Forecasting Construction
Demographics Materials
Sports Business
Individual & Team Consumer Preferences
Performance Financial Trends
and
Descriptive Inferential
Statistics Statistics
2. Purpose 0
Describe Data Q1 Q2 Q3 Q4
X = 30.5 S2 = 113
2. Purpose
Make decisions about
population characteristics
Fundamental Elements
of Statistics
Processes
Types of Data
Quantitative Qualitative
Data Data
Collecting Data
2. Need Statistical
Understanding
Assumptions
Limitations
Descriptive
1. Identify population and sample (collection
of experimental units)
2. Identify variable(s)
3. Collect data
4. Describe data
Inferential
1. Identify population (collection of all
experimental units)
2. Identify variable(s)
3. Collect sample data (subset of population)
4. Inference about population based on sample
5. Measure of reliability for inference
2011 Pearson Education, Inc
Key Ideas
Types of Data
Data-Collection Methods
1. Observational
2. Published source
3. Survey
4. Designed experiment
1. Selection bias
2. Nonresponse bias
3. Measurement error