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Statistics and Models
Statistics and Models
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1
What is risk?
equations that represent the way a system or process works
verbal or graphical explanation of how a system works
the probability of an unwanted outcome
representations of objects or systems
2
What are statistics?
Collection and classification of data that are in numbers
number obtained by adding the data and dividing by the sum
relative arrangement of the members of a population
the chance that something will happen
3
What are conceptual models?
representations of objects or systems
equations that represent the way a system or process works
the probability of an unwanted outcome
verbal or graphical explanation of how a system works
4
What are mathematical models?
verbal or graphical explanation of how a system works
representations of objects or systems
equations that represent the way a system or process works
the probability of an unwanted outcome
5
What is mean?
relative arrangement of the members of a population
Collection and classification of data that are in numbers
number obtained by adding the data and dividing by the sum
the chance that something will happen
6
What is distribution?
relative arrangement of the members of a population
number obtained by adding the data and dividing by the sum
the chance that something will happen
Collection and classification of data that are in numbers
7
What are models?
equations that represent the way a system or process works
verbal or graphical explanation of how a system works
the probability of an unwanted outcome
representations of objects or systems
8
What is probability?
number obtained by adding the data and dividing by the sum
relative arrangement of the members of a population
the chance that something will happen
Collection and classification of data that are in numbers