Business Statistics

Statistical significance were developed as a way of providing researchers with the ability to understand if experimental interventions were resulting in real differences or if…

This article actually describe on Observational Error, which is the difference between a measured value of quantity and its true value. In statistics, an error…

This article talks about Measurement Uncertainty , which some of the various values obtained experimentally or derived by calculation or theory turn out to be…

Accuracy and Precision are both ways to evaluate a set of measurements. They are dissimilar because they are looking at different aspects of the measurements.…

Bayesian likelihood is one interpretation of the concept of probability. In contrast to be able to interpreting probability for the reason that “frequency” or “propensity”…

Sampling bias is a bias when a sample is collected in a way that some members with the intended population are less likely be included…

In survey sampling, the bias of which results from a great unrepresentative sample is named selection bias. Selection bias is selecting individuals, groups or facts…

Inductive probability attempts to supply the probability connected with future events determined by past events. Is it doesn’t basis for inductive reasons, and gives the…

Probability Distribution is a statistical function that describes all of the possible values and likelihoods which a random variable usually takes within a provided range.…

Gini coefficient measures the inequality among values of a frequency distribution. The Gini coefficient is usually a measure of statistical dispersion meant to represent the…

IDLC Finance Ltd commenced its journey, in 1985, as the first leasing company of the country with multinational collaboration and the lead sponsorship of the International Finance…

Regression Analysis is a statistical approach to help forecasting change in a dependent variable based on change in a number of independent variables. Known also…