Monday, January 30, 2012

01-30-2012

Statistical inference - Method of looking at statistics and drawing conclusions about a population.

Gathering data -
Simple Random Sample (SRS) - Every observational unit has an equal chance of being included. (In an ideal world - Doesn’t always work and not the best for all cases)

Stratified Sampling - Divide the population into strata (e.g. men and women) and then perform a random sample of these strata

Systematic Sampling - Use when you can’t get a random sample, assign a number, then pick every occurrance of that number. (e.g. Roman legions, killing every 10th person).

Cluster Sampling - Creating samples from groups called clusters and randomly selecting there-in (e.g. zip codes, area codes, floors of a building)

Convenient Sampling - Take sample of those immediately available to you (Poor representation of the population)

Target population - Population  we are interested in collecting data on

Bias - Systematic elimination/exclusion of a segment within the target population

Types of Studies:
  1. Anecdotal Studies - Like an opinion, not scientific, based on limited experience (“useless”)
  2. Survey Studies - Great source of obtaining opinions, not great for truth/fact
  3. Observational Studies - “Sit back and see what happens.” No cause and effect relationship
  4. Experimental Studies - “Impose something” Requires some form of randomization (eliminates bias) and a control group (receives no treatment) which enable us to create a cause and effect relationship.

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