"Statistics is a large science having applications in a diverse range of industries. In general, statistics is the process used to collect, analyze, interpret, and derive conclusions from data. In other terms, statistics is the methodology created by scientists and mathematicians for analyzing and inferring meaning from acquired data. Everything remotely related to the collecting, processing, analysis, and presentation of data falls under the area of statistics, as does the meticulous planning that precedes all of these operations. Statistical methods are a critical component of scientific study and development. It aids in the design of experiments, the analysis, and interpretation of findings. Additionally, it assists in making informed judgments in light of the researcher's results. The importance of statistics expertise is not restricted to people seeking employment in their field of study, but extends to all researchers. Statistical science is the capacity to read the results of other researchers and to discriminate between what is good and what is stronger.
The book 'Basic Statistics' contains a detailed and exhaustive examination of statistics. It is organized in such a way that it provides in-depth knowledge of both statistics theory and practice. It elucidates the area's innovative aspects. Which is critical for a comprehensive comprehension of the subject. Additionally, it covers visual data representation, statistical data representation, probability and probability distribution. While acknowledging the long-term implications of the issues, the book makes a point of emphasizing their significance as a contemporary instrument for the discipline's advancement. The book's logical organization of themes, student-friendly language, and copious use of examples make it a useful source of information. This book will be of great assistance to anybody seeking information to further their understanding in this sector.
"
"Preface
1. Statistics Refresher
1.1 Introduction
1.2 Descriptive Statistics (Independent Review)
Exercise
Multiple Choice Questions
Answers
References
2. Sampling & Sampling Distributions
2.1 Sampling Theory
2.2 Sampling Distributions
Exercise
Multiple Choice Questions
Answers
References
3. Statistical Estimations
3.1 Basic concepts
3.2 Mean and percentage estimators at the point
3.3 Interval estimators of the mean and proportion
3.4 Interval estimation of the difference between two independent means
(concept and formula)
3.5 Student's t-distribution
3.6 Choosing a sample size
Exercise
Multiple Choice Questions
Answers
References
4. Hypotheses Testing
4.1 Fundamental ideas
4.2 Procedures for Testing Hypotheses
4.3 Concepts of Type I and Type II Errors
4.4 One-tailed hypothesis testing vs two-tailed hypothesis tests
4.5 Population Mean, Proportion Hypothesis Testing
4.6 The proportional difference between two means
Exercise
Multiple Choice Questions
Answers
References
5. Chi-Square Distributions
5.1 Application Areas
5.2 Independence tests between two variables
5.3 Equivalence tests for various proportions
5.4 Goodness of fit tests (Binomial, normal, Poisson)
Multiple Choice Questions
Answers
References
6. Analysis of Variance
6.1 Application areas
6.2 Means of more than two populations are compared
6.3 Variance test
Multiple Choice Questions
Answers
References
7. Regression And Correlation
7.1 Introduction
7.2 Correlation lineare
7.3 Linear regression with simple coefficients
7.4 Curve fitting, least squares technique,
Multiple Choice Questions 326
Answers
References
Index"
"Ralph Payne is a Business Expert based at Brisbane. He pursued his Ph.D. in Econometrics and Statistics from Public Research University, Nottingham. His expertise lies in regression analysis and linear models. Payne is an active member of several societies where he continues to share his expertise and knowledge in the field of business statistics. He has also written several research reports and articles on topics include managerial finance, mathematical statistics and risk management.
Ellis Barker is a full professor at the Research University, Brisbane. She was also an honorary senior research fellow at Birmingham University, and a lecturer at the Postgraduate European Institute. Barker obtained her European Ph.D. with a maximum distinction. She is the recipient of numerous awards, including prizes from the International Society of Management Science. She has published more than 150 papers in scientific journals and authored 15 books, 90 book chapters, and 6 patents. Barker is the editor of five international journals and a committee member for more than sixty conferences. Her main interests are macroeconomics, international economics, mathematical modeling, artificial intelligence, maintenance, management, advanced analytics, and data science."
