Subject category:
Knowledge, Information and Communication Systems Management
Published by:
Ivey Publishing
Version: 1999-08-17
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Abstract
This note presents the basic statistical concepts used to describe and analyze a collection of observations. It describes the differences between empirical distributions and mathematical (or theoretical) distributions, and illustrates the shortcomings of relying on a single statistical measure to draw conclusions. The advantages and disadvantages of histograms and bar charts are also discussed.
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Abstract
This note presents the basic statistical concepts used to describe and analyze a collection of observations. It describes the differences between empirical distributions and mathematical (or theoretical) distributions, and illustrates the shortcomings of relying on a single statistical measure to draw conclusions. The advantages and disadvantages of histograms and bar charts are also discussed.