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Chapter 1 entropy and Statistics ? ? ? ? ? ? ? ? ? Statistics ? Statistics Applications in pipeline and Economics entropy info Sources Descriptive Statistics statistical Inference Computers and Statistical digest Data Mining honest Guidelines for Statistical Practice The term statistics mouth window identify to numerical facts such as averages, medians, percents, and power add up that military service us understand a variety of seam and stinting situations. Statistics can also refer to the art and wisdom of collecting, analyzing, presenting, and rendition selective information. Statistics is the science of uncertainty, credibility accounting, meter science, truth-craft, the stain you assume to your information to reveal the hidden structure, the spying tool of a scientific detective ? ? © prof Byung Chun Kim, KAIST slip ones discernment 1 © professor Byung Chun Kim, KAIST sailing 2 What is Statistics? ? Applications in Business and Economics Accounting universal accounting firms mapping statistical have procedures when conducting audits for their clients. Economics Economists make use of statistical information in making forecasts about the coming(prenominal) of the economy or umteen aspect of it. Financial advisors use price-earnings ratios and dividend yields to guide their investment advice.

Slide 3 © Professor Byung Chun Kim, KAIST Population:??? sampling Population(Mean, Variance) Sample:?? ? (??,??) Sample (Mean, Variance) (???,???) ??:Inference ? Finance © Professor Byung Chun Kim, KAIST Slide 4 Applications in Business and Economics ? Data and Data Sets ? change Electronic point-of-sale scanners at retail checkout counters ar used to collect data for a variety of trade research applications. Production A variety of statistical full step control charts are used to monitor the create of a production process. Data are the facts and figures collected, analyzed, and summarized for presentation and interpretation. ? either the data collected in a...If you want to get a teeming essay, order it on our website: Ordercustompaper.com

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