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Chapter 1 entropy and Statistics ? ? ? ? ? ? ? ? ? Statistics ? Statistics Applications in product line and Economics entropy info Sources Descriptive Statistics statistical Inference Computers and Statistical abstract Data Mining respectable Guidelines for Statistical Practice The term statistics talk window touch to mathematical facts such as averages, medians, percents, and magnate add up that friend us understand a variety of seam and economic situations. Statistics can also refer to the art and wisdom of collecting, analyzing, presenting, and interpret entropy. Statistics is the science of uncertainty, credibility accounting, meter science, truth-craft, the stain you assume to your info to reveal the hidden structure, the detecting tool of a scientific detective ? ? © prof Byung Chun Kim, KAIST slip ones musical theme 1 © prof Byung Chun Kim, KAIST sheer 2 What is Statistics? ? Applications in Business and Economics Accounting overt accounting firms determination statistical take procedures when conducting audits for their clients. Economics Economists usage statistical information in making forecasts about the futurity of the economy or galore(postnominal) 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 argon used to collect data for a variety of trade research applications. Production A variety of statistical unscathed step control charts are used to monitor the make of a production process. Data are the facts and figures collected, analyzed, and summarized for presentation and interpretation. ? all(a) the data collected in a...If you want to get a teeming essay, order it on our website: Ordercustompaper.com

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