2-SAMPLING
2-SAMPLING
ANALYSIS
WITH SOFTWARE APPLICATIONS
WHAT IS STATISTICAL ANALYSIS WITH SOFTWARE APPLICATION?
Statistical software are specialized computer programs which help
you to collect, organize, analyze, interpret and statistically design
data. There are two main statistical techniques which help in
statistical data analysis: descriptive statistics and inferential
statistics.
Descriptive statistics are brief descriptive coefficients that
summarize a given data set, which can be either a representation
of the entire or a sample of a population. Descriptive
statistics are broken down into measures of central tendency and
measures of variability (spread).
If descriptive statistics describes data (for example, a chart or
graph), inferential statistics allows you to make predictions
(“inferences”) from that data. With inferential statistics, you take
data from samples and make generalizations about a population.
STATISTICAL SOFTWARE
Statistical software are specialized computer
programs which help you to collect, organize,
analyze, interpret and statistically design data.
There are two main statistical techniques which
help in statistical data analysis: descriptive
statistics and inferential statistics.
Descriptive statistics organize data from a
sample using indexes. Inferential statistics draw
a conclusion from data that is a random variant.
Statistics are crucial for organizations. They
provide factual data which is critical in detecting
trends in the marketplace so that businesses can
compare their performance against their
competitors.
BENEFITS OF STATISTICAL
ANALYSIS
• Statistical analysis allows businesses to make crucial
decisions about projects.
• It helps identify trends in the marketplace that can
determine whether a project is right to invest in or not.
• Business statistics help project future trends for better
planning.
• If you are considering risk factors for a specific project that
your company wants to roll out then statistics are necessary.
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BEST STATISTICAL ANALYSIS SOFTWARE FOR
WINDOWS
• Try to find descriptions/discussion for the following statistical
software and understand how they work.
1. Convenience sampling
3. Quota sampling