Introduction to Statistics for Data Science
2. Grouping and Displaying Data to Convey Meaning (Tables and Graphs)
The production manager of a large carpet company manages approximately 500 carpet looms per day. In order not to measure daily output in meters he samples 30 odd loom from the daily produced lot and draw a conclusion as to the average carpet production of the entire 500 looms.
The table below show the meters produced by each of the 30 looms in yesterdays sample.
Using the methods introduced in this program, we can help the production manager draw the right conclusion.
A collection of data is called a data set and a single observation a data point.