Intro & Data Language
Data is not the same as a model. A sample is a finite bag of observations; a population is the story you wish the bag came from. Almost every formula later in this course is a map from samples to guesses about populations.
Variable types (pick the right tool)
| Kind | Examples | Typical summary |
|---|---|---|
| Categorical (nominal) | color, ticker sector | counts, proportions, bar chart |