Basics of Statistics – Hypothesis

Viewer Rating [Total: 1   Average: 5/5]Today, I want to discuss on a very important topic on inferential statistics area and that is “Hypothesis”. Hypothesis means a conclusion based on some evidence collected from data for a certain time. In statistics , we explain hypothesis in two ways: When we have something already defined, we shall put the … Read more Basics of Statistics – Hypothesis

Basics of Statistics – Continuous Probability Distribution

Viewer Rating [Total: 0   Average: 0/5]Let us start today’s topic on uniform probability distribution (I will discuss on continuous dist today). Now, the concept comes in two forms: discrete and continuous. If I toss a coin then there are two possible outcomes: Head and Tail. If I roll a die, then it always return a digit (1 … Read more Basics of Statistics – Continuous Probability Distribution

Basics of Statistics – Binomial Distribution

Viewer Rating [Total: 1   Average: 5/5]Today, I would like to extend my previous topic on discrete probability distribution with the concept of Binomial Distribution. A binomial distribution is a specific probability distribution. It is used to model the probability of obtaining one of two outcomes, a certain number of times k out of fixed number of trials N of … Read more Basics of Statistics – Binomial Distribution

Basics of Statistics – Discrete Variable Distribution

Viewer Rating [Total: 1   Average: 5/5]In today’s topic I want to explain how we plot the distribution of a random discrete variable. Key terms: expected mean, probability, variance and standard deviation. Let’s explain it by an example. For rolling a Die, let us assume a random variable X (x=1,2,3,4,5,6). The probability is P(x) =1/6. That is exactly … Read more Basics of Statistics – Discrete Variable Distribution

Basics of Statistics – Sample Vs Population Data

Viewer Rating [Total: 1   Average: 5/5]In statistics, a sample is a part of a population and a population is a whole; it’s every member of a group. All elements in a sample must also by definition be part of the population as it is defined. The sample should be representative of the population from which it is … Read more Basics of Statistics – Sample Vs Population Data