Statistics is the field of science that deals with organization, interpretation and analyzing of a data. The term statistical data refers to the data collected form different sources through methods experiments, surveys and analysis. This data is...
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.
Central Tendency: Mean, Median, Mode and Chapter 3: Some Key Ingredients for Inferential Statistics: Z Scores, the Normal Curve, Sample versus Population, and Probability study guide.
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.
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.
In my opinion, the measure of money can be both, but I lean more towards discrete. Why? For example, 1 and ½ pennies can’t be measured; the monetary value of one and ½ pennies can only be valued as a rounded amount of 2 pennies. The half...
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...
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.
Psychology Statistics Midterm Study Guide
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.