eChapter Name: Descriptive Statistics, Graphical Analysis, Info Graphics, Growth Rate Analysis and Data Mining Techniques in Fisheries
9788119072170
eBook Name: DATA ACQUISITION AND ANALYSIS IN FISHERIES
by Neha Wajahat Qureshi
Introduction
Importance of basic statistics in everyday life cannot be stressed enough. Inclusion of basic statistics in high school curriculum is uncommon but proves highly beneficial to supplement certain careers in future. This field may be the most widely used of all and most people don’t even know they are using it. Many of today’s brightest business minds use this study to create charts and graph that allow them to stress a certain aspect of the business they are dealing with. Market research agencies, News rooms, marketing divisions of large corporations, NGOs, accounting firms etc. are full of people who specialize in basic statistics.
Statistics is concerned with the describing, interpreting and analyzing data. It is, therefore, an essential element in any improvement process. Statistics is often categorized into descriptive and inferential statistics. It uses analytical methods which provide the math to model and predict variation. It uses graphical methods to help making numbers visible for communication purposes.
Descriptive Statistics
• Descriptive statistics summarizes or describes characteristics of a data set.
• They help to make sense of large numbers of individual responses, to communicate the essence of those responses to others
• Helps exploring and making conclusions about the data in order to make rational decisions.
• Includes calculating things such as the average of the data, its spread and the shape it produces.
• Are displayed as tables, charts, percentages, frequency, distributions and reported as measures of central tendency
• Determine if the sample is normally distributed (bell curve) as most statistical tests require the sample to have normal distribution
• Determine if the sample can be compared to the larger population
Difference between Descriptive and Inferential Statistics
Nowadays, statistics is playing a major role in the field of research; that helps in the collection, analysis and presentation of data in a measurable form. It is quite hard to identify, whether the research relies on descriptive statistics or inferential statistics, as people usually, lacks knowledge about these two branches of statistics. As the name suggests, descriptive statistics is one which describes the population. On the other end, Inferential statistics is used to make the generalisation about the population based on the samples.