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These are the user uploaded subtitles that are being translated: 1 00:00:01,740 --> 00:00:03,180 Narrator: Before crunching any numbers 2 00:00:03,180 --> 00:00:05,340 and making decisions, we should introduce 3 00:00:05,340 --> 00:00:06,682 some key definitions. 4 00:00:06,682 --> 00:00:10,350 The first step of every statistical analysis you perform 5 00:00:10,350 --> 00:00:12,630 is determine whether the data you are dealing with 6 00:00:12,630 --> 00:00:14,823 is a population or a sample. 7 00:00:15,660 --> 00:00:18,300 A population is the collection of all items of interest 8 00:00:18,300 --> 00:00:21,903 to our study and is usually denoted with an uppercase N. 9 00:00:22,800 --> 00:00:25,320 The numbers we've obtained when using a population 10 00:00:25,320 --> 00:00:26,883 are called parameters. 11 00:00:27,930 --> 00:00:30,120 A sample is a subset of the population 12 00:00:30,120 --> 00:00:32,460 and is denoted with a lowercase n. 13 00:00:32,460 --> 00:00:34,170 And the numbers we've obtained when working 14 00:00:34,170 --> 00:00:36,900 with a sample are called statistics. 15 00:00:36,900 --> 00:00:38,820 Now you know why the field we are studying 16 00:00:38,820 --> 00:00:40,113 is called statistics. 17 00:00:41,250 --> 00:00:44,040 Let's say, we wanna perform a survey of the job prospects 18 00:00:44,040 --> 00:00:47,190 of the students studying in the New York University. 19 00:00:47,190 --> 00:00:49,080 What is the population? 20 00:00:49,080 --> 00:00:51,420 You can simply walk into New York University 21 00:00:51,420 --> 00:00:53,610 and find every student, right? 22 00:00:53,610 --> 00:00:56,160 Well, surely that would not be the population 23 00:00:56,160 --> 00:00:57,810 of NYU students. 24 00:00:57,810 --> 00:01:00,450 The population of interest includes not only the students 25 00:01:00,450 --> 00:01:03,960 on campus, but also the ones at home, on exchange, 26 00:01:03,960 --> 00:01:07,740 abroad, distant education students, part-time students, 27 00:01:07,740 --> 00:01:11,250 even the ones who enrolled but are still in high school. 28 00:01:11,250 --> 00:01:13,923 Though exhaustive, even this list misses someone. 29 00:01:14,760 --> 00:01:15,900 Point taken. 30 00:01:15,900 --> 00:01:17,790 Populations are hard to define 31 00:01:17,790 --> 00:01:19,653 and hard to observe in real life. 32 00:01:21,240 --> 00:01:24,180 A sample, however, is much easier to gather. 33 00:01:24,180 --> 00:01:27,120 It is less time consuming and less costly. 34 00:01:27,120 --> 00:01:29,490 Time and resources are the main reasons 35 00:01:29,490 --> 00:01:32,310 we prefer drawing samples compared to analyzing 36 00:01:32,310 --> 00:01:33,903 an entire population. 37 00:01:34,740 --> 00:01:37,590 So, let's draw a sample then. 38 00:01:37,590 --> 00:01:41,850 As we first wanted to do, we can just go to the NYU campus. 39 00:01:41,850 --> 00:01:44,010 Next, let's enter the canteen 40 00:01:44,010 --> 00:01:46,380 because we know it will be full of people. 41 00:01:46,380 --> 00:01:48,870 We can then interview 50 of them. 42 00:01:48,870 --> 00:01:50,070 Cool! 43 00:01:50,070 --> 00:01:54,750 This is a sample drawn from the population of NYU students. 44 00:01:54,750 --> 00:01:55,623 Good job! 45 00:01:56,640 --> 00:01:59,490 Populations are hard to observe and contact. 46 00:01:59,490 --> 00:02:01,740 That's why statistical tests are designed to work 47 00:02:01,740 --> 00:02:03,270 with incomplete data. 48 00:02:03,270 --> 00:02:05,730 You will almost always be working with sample data 49 00:02:05,730 --> 00:02:08,630 and make data-driven decisions and inferences based on it. 50 00:02:09,570 --> 00:02:10,590 All right. 51 00:02:10,590 --> 00:02:13,800 Since statistical tests are usually based on sample data, 52 00:02:13,800 --> 00:02:17,077 samples are key to accurate statistical insights. 53 00:02:17,077 --> 00:02:19,800 They have two defining characteristics, 54 00:02:19,800 --> 00:02:22,320 randomness and representativeness. 55 00:02:22,320 --> 00:02:25,380 A sample must be both random and representative 56 00:02:25,380 --> 00:02:27,093 for an insight to be precise. 57 00:02:28,140 --> 00:02:30,390 A random sample is collected when each member 58 00:02:30,390 --> 00:02:32,580 of the sample is chosen from the population 59 00:02:32,580 --> 00:02:34,083 strictly by chance. 60 00:02:35,370 --> 00:02:38,160 A representative sample is a subset of the population 61 00:02:38,160 --> 00:02:40,020 that accurately reflects the members 62 00:02:40,020 --> 00:02:41,523 of the entire population. 63 00:02:42,540 --> 00:02:45,060 Let's go back to the sample we just discussed. 64 00:02:45,060 --> 00:02:48,120 The 50 students from the NYU canteen. 65 00:02:48,120 --> 00:02:49,728 We walked into the university canteen 66 00:02:49,728 --> 00:02:53,070 and violated both conditions. 67 00:02:53,070 --> 00:02:55,500 People were not chosen by chance. 68 00:02:55,500 --> 00:02:59,070 They were a group of NYU students who were there for lunch. 69 00:02:59,070 --> 00:03:01,950 Most members did not even get the chance to be chosen 70 00:03:01,950 --> 00:03:04,110 as they were not in the canteen. 71 00:03:04,110 --> 00:03:08,001 Thus, we conclude the sample was not random 72 00:03:08,001 --> 00:03:11,010 but was it representative? 73 00:03:11,010 --> 00:03:13,179 Well, it represented a group of people 74 00:03:13,179 --> 00:03:16,470 but definitely not all students in the university. 75 00:03:16,470 --> 00:03:19,620 To be exact, it represented the people who have lunch 76 00:03:19,620 --> 00:03:22,020 at the university canteen. 77 00:03:22,020 --> 00:03:24,330 Had our survey been about job prospects 78 00:03:24,330 --> 00:03:27,480 of NYU students who eat in the university canteen, 79 00:03:27,480 --> 00:03:28,743 we would've done well. 80 00:03:30,240 --> 00:03:31,170 Okay. 81 00:03:31,170 --> 00:03:33,270 You must be wondering how to draw a sample 82 00:03:33,270 --> 00:03:36,210 that is both random and representative. 83 00:03:36,210 --> 00:03:38,700 Well, the safest way would be to get access 84 00:03:38,700 --> 00:03:40,170 to the student database 85 00:03:40,170 --> 00:03:43,080 and contact individuals in a random manner. 86 00:03:43,080 --> 00:03:46,020 However, such surveys are almost impossible to conduct 87 00:03:46,020 --> 00:03:47,970 without assistance from the university. 88 00:03:49,020 --> 00:03:50,040 All right. 89 00:03:50,040 --> 00:03:52,770 Throughout the course, we will explore both sample 90 00:03:52,770 --> 00:03:54,990 and population statistics. 91 00:03:54,990 --> 00:03:58,140 After completing this course, samples and populations 92 00:03:58,140 --> 00:04:00,570 will be a piece of cake for you. 93 00:04:00,570 --> 00:04:01,570 Thanks for watching. 7176

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