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Research the following statistical concepts.Refer to the topic Resources to assist you in your research. Types of Statistics: a) Descriptive and b) Inferential Probability Distribution
Research the following statistical concepts.Refer to the topic Resources to assist you in your research.
- Types of Statistics: a) Descriptive and b) Inferential
- Probability Distribution
- Frequency Distribution
- Bayesian Statistics
For each statistical concept, address the following:
- What is its purpose and what problem/question does it solve? Apply it in a scenario.
- What are its characteristics and properties? What variables (qualitative or quantitative) are associated with it? What type of tests are available in conjunction with it (if a formula, what is the formula)?
- What levels of measurement are best suited to analyze the data: a) nominal, b) ordinal, c) interval or d) ratio? Justify your rationale.
- How is it best represented graphically (i.e., table, bar graph, pie chart, etc.)? Provide an example.
- Are there any outliers observed? If so, what are they and how do you explain them? Cite three to five scholarly resources in addition to the text
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