Statistics Applied to Economics I

Slides:

Advertisements

Similar presentations

Chapter 1 Why Study Statistics?

Advertisements

The definition of statistics How to distinguish between a population and a sample and between a parameter and a statistic How to distinguish between descriptive.

Probability Probability involves the measurement of the uncertainty that the decision maker feels about the occurrence of some outcome.

Introduction to Statistics

Chap 1-1 Chapter 1 Why Study Statistics? EF 507 QUANTITATIVE METHODS FOR ECONOMICS AND FINANCE FALL 2008.

STATISTICS-THE SCIENCE OF DATA

Agricultural Economics ECN 3870 Dr. Ali R. Moshtagh 2605 Coleman Hall (217) Office Hours: –11: :50 MWF – 8:30 - 9:30 TR.

STATISTICS Statistics refers to a set of techniques that are used to transform raw data into useful information.

Chapter 1 Introduction and Data Collection

Statistical Decision-Making Process: Decision Problem Statistical Plan Data Description and Summary Analysis and Conclusions Testing Validity of Results.

Chapter 1: Data Collection

International Economics ECN 3860 Dr. Ali R. Moshtagh 2605 Coleman Hall (217) Office Hours: –10: :50 MWF – 8:30 - 9:30 TR.

Math 250 Introduction to Probability and Statistics I.

Virginia Standard of Learning BIO.1a-m

Chap 1-1 Copyright ©2013 Pearson Education, Inc. publishing as Prentice Hall Business Statistics: A First Course 6 th Edition Chapter 1 Introduction.

Statistics for Business and Economics Chapter 1 Statistics, Data, & Statistical Thinking.

Chapter 1 Introduction to Statistics 1 Larson/Farber 4th ed.

Basic Business Statistics

Chap 1-1 Chapter 1 Introduction and Data Collection Business Statistics.

Science Process Skills. Observe- using our senses to find out about objects, events, or living things. Classify- arranging or sorting objects, events,

MM150 Unit 8 Seminar. Probability (Unit 7) Statistics (Unit 8) : Gathering data; organizing data Statistics (Unit 9) : Analyzing data; making conclusions.

Introduction to Statistics 1 Chapter 1. Chapter Outline An Overview of Statistics 1.2 Data Classification 1.3 Experimental Design 2.

The Scientific Method An approach to acquiring knowledge.

What Are Statistics and What are They Used For?. Statistics is the science of collecting, organizing, summarizing, analyzing, and making inferences from.

& The Scientific Method. Forming an idea of an expected outcome based on observations and experiences.

An Overview of Statistics NOTES Coach Bridges What you should learn: The definition of data and statistics How to distinguish between a population and.

1-1 Copyright © 2014, 2011, and 2008 Pearson Education, Inc.

1 - 1 © 2001 Prentice-Hall, Inc. Statistics for Business and Economics Statistics, Data, & Statistical Thinking Chapter 1.

Lecture PowerPoint Slides Basic Practice of Statistics 7 th Edition.

The population in a statistical study is the entire group of individuals about which we want information The population is the group we want to study.

Basic Business Statistics, 10e © 2006 Prentice-Hall, Inc. Chap 1-1 Chapter 1 Introduction and Data Collection Basic Business Statistics 10 th Edition.

Introduction and Data Collection Basic Business Statistics 10 th Edition.

To think like a Scientist… You must observe; using all 5 senses to describe the problem. Tools you can use are: microscopes, night vision goggles, telescopes,

An Overview of Statistics Lesson 1.1. What is statistics? Statistics is the science of collecting, organizing, analyzing, and interpreting data in order.

The Scientific Method. The scientific method is the only scientific way accepted to back up a theory or idea. This is the method on which all research.

VFMS 2014 Mrs. Long.  Whenever you observe your world around you, you are acting like a scientist.  Scientists do more than observe, they also question.

Class Notes 2 The Scientific Method. I. The Scientific Method -an organized set of procedures that help scientists answer questions and solve problems.

Course Title: Statistics

Chapter 1 The Where, Why, and How of Data Collection

Statistics in Management

Chapter 1 Chapter 1 Introduction to Statistics Larson/Farber 6th ed.

Chapter 1 Graphs, Charts, and Tables – Describing Your Data

Probability and Statistics

Chapter 1 Why Study Statistics?

Chapter 1 Chapter 1 Introduction to Statistics Larson/Farber 6th ed.

Chapter 1 Introduction to Statistics

Chapter 1 Why Study Statistics?

Statistics Assignment Help. Statistics is a mathematical tool to analyze a data collected in a research process. It is represented in the form of graph,

Overview of Statistics

Scientific Method Part 2.

(or why should we learn this stuff?)

Lesson 1.1: Scientific Method

Quantitative Methods for Business Studies

Chapter 1 The Where, Why, and How of Data Collection

Probability and Statistics

Chapter 1 Why Study Statistics?

The Scientific Method Notes

Chapter 1 The Where, Why, and How of Data Collection

Scientific Method Part 2.

How Scientist Work Using Science Skills.

Statistics Paper Define data set you are using for your paper.

Chapter 1 Chapter 1 Introduction to Statistics Larson/Farber 6th ed.

EQ: What is the purpose of a controlled experiment?

The Scientific Method and Experimental Design

Chapter 1 Why Study Statistics?

Chap. 1: Introduction to Statistics

Hypothesis The initial building block in the scientific method. Many describe it as an “educated guess,” based on prior knowledge and observation.

RESEARCH METHODS Lecture 31

The Where, Why, and How of Data Collection

Chapter 1 The Where, Why, and How of Data Collection

Presentation transcript:

Statistics Applied to Economics I ECN 3971 Dr. Ali R. Moshtagh 2605 Coleman Hall (217) 581-2719 amoshtagh@eiu.edu Office Hours 10:00 - 10:50 MWF 8:30 - 9:20 TR

What is Statistics? Statistics is the science of collecting, describing, analyzing and interpreting data for the purposes of making decisions.

Three Terms Describe Statistics Descriptive Statistics involves computing summary measures and constructing graphs, tables and charts to illustrate those measures; Probability involves the measurement of the uncertainty that the decision maker feels about the occurrence of some outcome;

Three Terms Describe Statistics Inference involves drawing conclusions about a large body of data when only a small portion of those data has actually been observed.