What is qualitative data? How is qualitative data used and how is it analyzed? How is qualitative data validated?
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.
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...
We show different ways to calculate probabilities. The first example illustrates a case where the data sample is normal and the second example for a case where the sample distribution is not normal. It is used three tools: Excel, Minitab, Universal Probability Calculator
What is quantitative data? How is quantitative data used, and how is it different from qualitative data?
What does it mean to "test for significance"? In this essay I explain the meaning of "statistical significance" for those that need help in statistics and probability.
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.
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...
Psychology Statistics Midterm Study Guide