CH 01
CH 01
Tenth Edition
Ken Black
Chapter 1
• Inferential
o Gathers data from a sample and uses the statistics
generated to reach conclusions about the population from
which the sample was taken
o Sometimes called inductive statistics
Copyright ©2020 John Wiley & Sons, Inc. 9
1.1 Basic Statistical Concepts (7 of 9)
• Parameter: descriptive measure of the population
o Usually represented by Greek letters
µ denotes population mean
σ2 denotes population variance
σ denotes population standard deviation
• Statistic: descriptive measure of a sample
o Usually represented by Roman letters
x denotes sample mean
s2 denotes sample variance
s denotes sample standard deviation
Copyright ©2020 John Wiley & Sons, Inc. 10
1.1 Basic Statistical Concepts (8 of 9)