S1 - Chapter One - Fundamentals 0.0 / 5 MathematicsModelsASEdexcel Created by: jackjj9Created on: 20-11-16 11:55 What is a statistical model? A mathematical way of showing the outcomes of a real world problem 1 of 10 Give 2 advantages of statistical models (RWP = Real World Problem)... Simplify RWP / Understand RWP / Quicker and cheaper / Predict future outcomes of the RWP / Help refine the model 2 of 10 Give 2 disadvantages of statistical models... Only works for restricted range of values / Only gives a partial description of the RWP 3 of 10 Give the first stage of devising a statistical model... Observe a RWP 4 of 10 Give the second stage of devising a statistical model... Devise a mathematical model 5 of 10 Give the third stage of devising a statistical model... Make predictions about the RWP based on the mathematical model 6 of 10 Give the fourth stage of devising a statistical model... Collect experimental data from the RW 7 of 10 Give the fifth stage of devising a statistical model... Compare predicted and observed outcomes 8 of 10 Give the sixth stage of devising a statistical model... Assess to what degree the mathematical model represents the RWP 9 of 10 Give the seventh stage of devising a statistical model... Make refinements to the mathematical model 10 of 10

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