Chapter Name: Critically interrogate and use probability and statistical models
Description:This chapter delves into the analysis and application of statistical models to interpret data.
Purpuse:To develop critical thinking skills in evaluating and applying statistical information.
Rational:Critical analysis ensures that decisions are based on sound data interpretations.
Chapters Topics
Statistics generated from the data are interpreted meaningfully and interpretations are justified or critiqued.
Understand and explain what the data means, and justify conclusions or challenge them using sound reasoning and statistical insight.
Assumptions made in the collection or generation of data and statistics are defined or critiqued appropriately.
Identify and evaluate assumptions in data collection or statistical modeling, and assess their impact on results and interpretations.
Tables, diagrams, charts and graphs are used or critiqued appropriately in the analysis and representation of data, statistics and probability values.
Use visual tools effectively to support data analysis and question their validity and appropriateness where needed.
Predictions, conclusions and judgements are made on the basis of valid arguments and supporting data, statistics and probability models.
Make business-related decisions or forecasts based on solid data, sound statistical reasoning, and appropriate probability models.
Evaluations of the statistics identify potential sources of bias, errors in measurement, potential uses and misuses and their effects.
Identify biases or errors in data and explain how they could affect the reliability and interpretation of results.