STAT 301 Lecture Notes - Lecture 2: Quartile, Alpha Wave, Summary Statistics
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Parameter: a parameter is a numeric characteristic pertaining to a population. In the brain waves study, one example of a parameter might be the true population average alpha- wave for all prisoners in the us: we never get to know the true value of a parameter. Statistics: a statistic is any number you calculate using data. In the brain waves study, if we use the average brain waves of the prisoners in our sample to estimate the average brain waves of all prisoners in the us, then the sample average is our statistic. We could make a graph of the data, or tell you the average. Location where the data is located on a number line: measures of location, mean, median, quartiles, minimum and maximum, 5-number summary. It is the middle data point when the data are arranged from smallest to largest. Mean (average: the mean or sample mean or sample average is one statistic that identifies the data"s center.