Statistics

INTRODUCTION TO STATISTICS It is necessary now to digress from the direct study of appraisal techniques to consider an important tool for the mineral appraiser. Whenever a great deal of data have been accumulated, such as might be gained through the sampling process discussed in the preceding chapter, the application of statistical methods should be considered. Statistical methods are used for descriptive purposes and for the organization and summarization of quantitative or numerical data. Descriptive statistics covers the tabulation of data, its presentation in graphical or pictorial form, and the calculation of its several descriptive measures. It is not the intent of the brief summary of statistics that will be outlined hereafter to cover the total breadth and scope of mathematical statistics. It is the intent of this and the following chapters to review a few of the statistical concepts that have the most direct bearing upon the problems involved in mineral evaluation. Should the reader desire to go more fully into statistical theory and mathematics, numerous texts and publications are available.