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Viewer Rating [Total: 1 Average: 5/5] You must sign in to voteToday, 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 … Read moreBasics of Statistics – Hypothesis
Viewer Rating [Total: 0 Average: 0/5] You must sign in to voteLet 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 … Read moreBasics of Statistics – Continuous Probability Distribution
Viewer Rating [Total: 1 Average: 5/5] You must sign in to voteToday, 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 … Read moreBasics of Statistics – Binomial Distribution
Viewer Rating [Total: 1 Average: 5/5] You must sign in to voteIn 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 … Read moreBasics of Statistics – Discrete Variable Distribution
Viewer Rating [Total: 1 Average: 5/5] You must sign in to voteToday’s topic is random variable. It is better to start with an example: Suppose I roll a die. What are the probable outcomes? Exactly 1 or exactly 2 or exactly 3 or exactly 4 or exactly 5 or exactly 6. No number in … Read moreBasics of Statistics – Random Variable
Viewer Rating [Total: 1 Average: 5/5] You must sign in to voteIn 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 … Read moreBasics of Statistics – Sample Vs Population Data