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| Basic Statistics |
Basic Statistics
When data is systematically sorted, arranged, and analyzed its general character becomes more apparent and any patterns within it become more obvious.
Statistics is the branch of mathematics concerned with the collection and analysis of numerical information. Statistical analysis proceeds through three stages:
1. Sorting and organizing data
2. Preparing summaries of trends in the data
3. Searching for correlations and making predictions.
Each successive stage becomes a little more complicated but provides additional information. Statistical information is used extensively in the realms of finance, government, industry, science, meteorology, and sports. Statistical information is often used to clarify and support explanations and arguments in everyday events.
Clear thinkers need to have a basic understanding of statistical concepts so that they are better able to evaluate the significance of such explanations and arguments.
When data is systematically sorted, arranged, and analyzed its general character becomes more apparent and any patterns within it become more obvious.
Statistics is the branch of mathematics concerned with the collection and analysis of numerical information. Statistical analysis proceeds through three stages:
1. Sorting and organizing data
2. Preparing summaries of trends in the data
3. Searching for correlations and making predictions.
Each successive stage becomes a little more complicated but provides additional information. Statistical information is used extensively in the realms of finance, government, industry, science, meteorology, and sports. Statistical information is often used to clarify and support explanations and arguments in everyday events.
Clear thinkers need to have a basic understanding of statistical concepts so that they are better able to evaluate the significance of such explanations and arguments.
