## Basics of Statistics – Hypothesis

Viewer RatingYou 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 we have something already defined, we … Read more

## Basics of Statistics – Continuous Probability Distribution

Viewer RatingYou 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 a die, then it always return … Read more

## Basics of Statistics – Binomial Distribution

Viewer RatingYou 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 k out of fixed number of … Read more

## Basics of Statistics – Discrete Variable Distribution

Viewer RatingYou 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 (x=1,2,3,4,5,6). The probability is P(x) =1/6. … Read more

## Basics of Statistics – Random Variable

Viewer RatingYou 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 between. Let’s put another example: if … Read more

## Basics of Statistics – Sample Vs Population Data

Viewer RatingYou 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 be representative of the population from … Read more