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Statistics

  • Morton D. Davis

Abstract

If you read the financial pages of your newspaper, you quickly become aware of the importance of inferential reasoning. Statistics is a critical tool and serves two important functions: it is used to summarize a vast amount of known data by a few key numbers and thus make the data manageable (descriptive statistics), and it is used to draw inferences from these numbers (inferential statistics). Of course there are also other, less formal, ways of drawing inferences about the world, and we will investigate some of these as well.

Keywords

Stock Market Mutual Fund Fair Coin Inferential Reasoning Bond Fund 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Morton D. Davis

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