Statistics - Research Article from Encyclopedia of Management

This encyclopedia article consists of approximately 11 pages of information about Statistics.

Statistics - Research Article from Encyclopedia of Management

This encyclopedia article consists of approximately 11 pages of information about Statistics.
This section contains 3,025 words
(approx. 11 pages at 300 words per page)
Buy the Statistics Encyclopedia Article

Statistics is a field of knowledge that enables an investigator to derive and evaluate conclusions about a population from sample data. In other words, statistics allow us to make generalizations about a large group based on what we find in a smaller group.

The field of statistics deals with gathering, selecting, and classifying data; interpreting and analyzing data; and deriving and evaluating the validity and reliability of conclusions based on data.

Strictly speaking, the term "parameter" describes a certain aspect of a population, while a "statistic" describes a certain aspect of a sample (a representative part of the population). In common usage, most people use the word "statistic" to refer to research figures and calculations, either from information based on a sample or an entire population.

Statistics means different things to different people. To a baseball fan, statistics are information about a pitcher's earned run average or a...

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This section contains 3,025 words
(approx. 11 pages at 300 words per page)
Buy the Statistics Encyclopedia Article
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