Probability and Statistics

Introduction The measure of dispersion is used to indicate how the data is spread out. It indicates how the data differs from one another and provides a clear picture of how it is distributed. An observation’s dispersion measures how homogeneous or diverse the distribution of the data is. Distribution dispersion refers to how far a […]

The statistic that depicts the center point or value of the dataset measures the central tendency. The three steps of the central tendency are median, mode, and mean. Each of these calculations uses a different method to determine the position of the central point. The data you have will influence which Measure of central tendency

Introduction What is a random variable? A random variable is an unknown value or a function that assigns values to each of an experiment’s findings. Random variables are frequently denoted by letters and can be classed as discrete, with defined values, or continuous, which can have any value within a continuous range. Random variables are

Mathematical statistics distinguishes three forms of “averages”: mean, median, and mode. There are many “averages” in statistics, but these are the three most common and likely to be encountered in pre-statistics classes. The mean, median, and mode can be distinguished as follows: In statistics, the mean, the median, and the mode are all used to

The three types of “averages” are defined in Mathematical statistics ad these are mean, median, and mode. There are numerous “averages” in statistics, but these are the three the most prevalent, and most likely to encounter pre-statistics courses  Mean Median and Mode can be differentiated as follows:  The mean, median, and mode are all measures of

The terms “mean” and “median” refer to two different types of “averages. A measure of central tendency is a single number that attempts to represent a set of data by finding the central location within that set of data. As a result, central tendency measures are also known as central location measures. They’re classified as

The numbers that split a list of numerical data into three halves are called quartiles.  The first, second, and third quartiles are indicated by Q1, Q2, and Q3, respectively. Q2 is the median of the supplied data in this case.Statistics VariationThe range is the difference between the distribution’s max and least values.Range = Xmax –

The median is the value in the middle of each group. It’s a situation in which half of the data is more and half is less. With the median, you may represent a large number of data points with just one. The median is the simplest statistical measure to calculate. To compute the median, the

Arithmetic Mean (AM), Geometric Mean (GM), and Harmonic Mean (HM) are all measures of central tendency. If all the observations of the series are constant ‘K’, the mean will be K’. The same property applies for all the means, be it arithmetic, geometric, or harmonic.  If we take the deviation in the series from the

The measure of central tendency is used in statistics to represent data or values in series. A single value that reflects how a bunch of data clusters around a core value is called a measure of central tendency. It designates the data set’s centre. There are three approaches to access central tendency. The three are