Search results
Results from the WOW.Com Content Network
You are free: to share – to copy, distribute and transmit the work; to remix – to adapt the work; Under the following conditions: attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made.
In particular, the bootstrap is useful when there is no analytical form or an asymptotic theory (e.g., an applicable central limit theorem) to help estimate the distribution of the statistics of interest. This is because bootstrap methods can apply to most random quantities, e.g., the ratio of variance and mean.
Statistics is applicable to a wide variety of academic disciplines, including natural and social sciences, government, and business. Business statistics applies statistical methods in econometrics, auditing and production and operations, including services improvement and marketing research. [66]
Statistics educators have cognitive and noncognitive goals for students. For example, former American Statistical Association (ASA) President Katherine Wallman defined statistical literacy as including the cognitive abilities of understanding and critically evaluating statistical results as well as appreciating the contributions statistical thinking can make.
Engineering statistics involves data concerning manufacturing processes such as: component dimensions, tolerances, type of material, and fabrication process control. There are many methods used in engineering analysis and they are often displayed as histograms to give a visual of the data as opposed to being just numerical.
Data (/ ˈ d eɪ t ə / DAY-tə, US also / ˈ d æ t ə / DAT-ə) are a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted formally. A datum is an individual value in a collection of ...
In his book Statistics as Principled Argument, Robert P. Abelson presents the perspective that statistics serve as a standardized method for resolving disagreements among scientists, who could otherwise engage in endless debates about the merits of their respective positions. From this standpoint, statistics can be seen as a form of rhetoric.
The seven basic tools of quality are a fixed set of visual exercises identified as being most helpful in troubleshooting issues related to quality. [1] They are called basic because they are suitable for people with little formal training in statistics and because they can be used to solve the vast majority of quality-related issues.