Introduction to Statistical Inference (2008)

 

 

If you follow the events involving space travel, you may hear statements like, “There is a 40% chance that weather conditions on Friday will be good enough to launch the space shuttle.” Your response might be curiosity as to the following questions: • What does that 40% figure really mean? • How accurate is that figure? • What data was used to obtain that figure, and what mathematical model was used? Well, these are typical statistical issues. If you thought that statistics is nothing more than adding up columns of numbers and plugging into formulas, you are badly mistaken. Actually, statistics is an application of probability theory. We employ probabilistic models for the behavior of our sample data, and infer from the data accordingly—hence the name, statistical inference. [via]
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