General: Approximations We have studied two approximations to the binomial, the normal approximation and the Poisson approximation (Section 5.4). Write a brief but complete essay in which you discuss and summarize the conditions under which each approximation would be used, the formulas involved, and the assumptions made for each approximation. Give details and examples in your essay. How could you apply these statistical methods in your own everyday life?
Chapter 1 Section 1 Variable-a characteristic/attribute that can assume different values Data- values that the variables can assume Population- all subjects undergoing a study Parameter- measure obtained from the population data Uses Greek Letters to categorize Sample- a group selected from the population, to make the study more concentrated Statistic- a measure that is obtained from the sample data Uses the Alphabet to categorize Descriptive Statistics- the collection, organization as well as summarization of data Basically sums up what you’ve collected and makes it easier to understand Inferential Statistics- generalizes a known sample data to the unknown population data