Statistics

Statistical methods and data analysis for administrative decision-making.

πŸ“– Measures of central tendency & dispersion

Mean, median, and mode summarise a data set with a single representative value, while range, variance, and standard deviation describe how spread out the data is β€” both are foundational to reading any administrative report with numbers in it.

  • Correlation & regression β€” basics of how two variables move together
  • Index numbers β€” used to track relative change over time (e.g. price indices)
  • Sampling methods β€” random, stratified, systematic sampling basics

πŸ’‘ Key Facts

  • Mean, median and mode are the three standard measures of central tendency.
  • Standard deviation measures how spread out data points are from the mean.
  • Correlation measures the strength and direction of the relationship between two variables.
  • Stratified sampling divides a population into subgroups before sampling from each, to improve representativeness.

πŸ”– 60-Second Revision

  • Central tendency: mean, median, mode.
  • Dispersion: range, variance, standard deviation.
  • Correlation = relationship strength/direction between two variables.
  • Sampling: random, stratified, systematic β€” know the difference conceptually.

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