Page 65 - Intermediate Statistics for Dummies
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                                         Part I: Data Analysis and Model-Building Basics
                                                     Don’t put all your data into one basket!
                                            An animal science researcher came to me one
                                                                                 made a terrible realization — all of his data came
                                            time with a data set he was so proud of. He was
                                                                                 from exactly one cow. With no other cows to
                                            studying cows and the variables involved in
                                                                                 compare with and a sample size of just one, he
                                            helping determine their longevity. He came in
                                                                                 had no way to even measure how much those
                                            with a super-mega data set that contained over
                                            100,000 observations. He was thinking “Wow,
                                                                                 results would vary if he wanted to apply them to
                                                                                 another cow. His results were so biased toward
                                            this is gonna be great! I’ve been collecting this
                                                                                 that one animal that I couldn’t do anything with
                                            data for years and years, and I can finally have
                                            it analyzed. There’s got to be loads of informa-
                                                                                 the data. After I summed up the courage to tell
                                                                                 him, it took a while to peel him off the floor. The
                                            tion I can get out of this. The papers I’ll write,
                                                                                 moral of the story, I suppose, is to find a statisti-
                                            the talks I’ll be invited to give . . . the raise I’ll
                                            get!” He turned his precious data over to me
                                                                                 cian and check out your big plans with her
                                                                                 before you go down a cow path like this guy did.
                                            with an expectant smile and sparkling eyes.  But after looking at his data for a few minutes I
                                         Getting Good Precision
                                                    Precision is the amount of movement you expect to have in your sample
                                                    results if you repeat your entire study again with a new sample. Low precision
                                                    means that you expect your sample results to move a lot (not a good thing).
                                                    High precision means you expect your sample results to remain fairly close in
                                                    the repeated samples (a good thing). In this section, you find out what preci-
                                                    sion does and doesn’t measure, and you see how to measure the precision of
                                                    a statistic in general terms.
                                                    Understanding precision from
                                                    a statistical point of view
                                                    You may think that precision means the level of correctness you have in your
                                                    statistical results. But precision only measures the level of consistency in the
                                                    results from sample to sample. Your results can be consistently correct or
                                                    consistently incorrect.
                                                    For example, a field-goal kicker on a football team may consistently kick the
                                                    ball two feet to the right of the goalposts every single time. Even though he’s
                                                    consistent, he never gets to score, because his results are systematically off
                                                    by the same amount each time. In other words, his results are biased, even
                                                    though they’re precise.
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