Two kinds of Statistics
1. Descriptive Statistics
describing collected data
2. Inferential Statistics
drawing conclusions about a POPULATION based on data collected from a SAMPLE of individuals from that POPULATION.
POPULATION: entire group of interest
SAMPLE: collect a subset from the POPULATION.
STATISTIC: any numeric summary calculated from the SAMPLE.
PARAMETER: a numeric summary of the POPULATION.
INFERENCE: drawing conclusions regarding a PARAMETER based on STATISTIC.
eg.
POPULATION = 100,000 students
SAMPLE = 5000 students
STATISTIC = 73%
PARAMETER = Proportion of all 100,000 students that drink coffee
(Descriptive Statistics) 73% of 5000 responses say they drink coffee
(Inferential Statistics) what does this mean about all udacity students?
Data Types
1. Quantitative data
numeric values that allow mathematica