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# PRINCIPLES OF STATISTICS

This paper has discussed the principles of statistics by highlighting the descriptive statistics, inferential statistics, Frequentist and Bayesian points of view.

##### Details
 language english wordcount 1692 (cca 4.5 pages) contextual quality N/A language level N/A price free sources 1
##### Table of contents

Introduction 1
Descriptive Statistical Methods 1
Inferential Statistical Methods 1
Problems solved statistics 2
Frequentist Point Estimation 2
Bayesian Point Estimation 3
Probability 3
Frequentist probability 3
Bayesian probability 3
Goodness-of –Fit (GOF) Testing 4
Hypothesis testing 4
Decision Theory 4
Conclusion 4
References 4

### Preview of the essay: PRINCIPLES OF STATISTICS

PRINCIPLES OF STATISTICS Introduction Statistics is can viewed as a discipline or a subject. Generally statistics is thought as the processes of as the methods undertaken to collect, process, interpret and present data or information. This implies that statistics in this context is thought of as the collections of data gathered by specific methods. Therefore, statistics can be defined as the art and science of making informed decisions on the basis of quantitative as well as qualitative evidence (Bulmer, 1979). ...

... shown in this discussion that descriptive statistics is a branch of statistics that lays the foundation for all statistical knowledge while inferential statistics is seen to be the heart of statistics because it is usually geared towards drawing conclusions about a population based on the data collected. It is indeed through statistics than one makes informed decisions and consequently solve problem that we encounter in our daily activities.

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