What is a standard normal distribution table? What statistics are used with a standard normal distribution? Can other distributions be converted to a standard normal distribution?
Definitions, resources, references, and examples that include three different software packages.
Standard Deviation = σ (The Greek letter sigma) First find the mean of the given set of numbers. Next subtract the mean from each number in the set. Then square the sum of each number. Add the total of the squares together. Now divide...
Spearman Rank Correlation and Pearson Correlation can be both used to identify the relationship between two sets of data. This a brief comparison between the two measures of correlation and there are examples provided to explain how to solve them.
This is a very interesting look at the odds of you existing, as you, in this world. In fact, it is virtually zero based on the probability of a series of events that must occur for you to exist.
Wondering if there is a way to help you out conduct a simple regression analysis? Well, there is! All you need to have is a CASIO calculator that is capable of performing the task. Read this article to find out how to do it.
Many of the college students taking up Business Statistics are having a hard time coping with it. Why does this happen? Let's find out.
For this hub, I will be explaining what expected value is, how to calculate it, and show an example by calculating the expected value of a betting game involving a fair coin.
There are two especially different types of randomness! For the type we get used on, the law of large number holds and we have macroscopic certainty. However, this is not always a case. For so-called wild randomness fat tails are characteristic, which means that extreme events are much more...
Statistics is an old discipline, as old as the human activity. Its utility has been increasing as the ages goes by. In the olden days it was used in the administrative departments of the states and the scope was limited. Earlier it was used by...