What are the uses of Index Numbers?
What are the uses of Index Numbers?, Various uses of index numbers are described in this article. Let’s check what is index number? Index numbers are also known as economic barometers because they reveal...
Category: Statistics
Minimum number of units in an Experimental Design
Minimum number of units in an Experimental Design, The minimum number of units in an experimental design, there are mainly nine factors that are responsible for determining the number of replications. The extent of...
Measures of Central Tendency:Mean, Median and Mode Definition
Measures of Central Tendency, Mean, Median and Mode Definition, Measure of central tendency is a single value, the value lies within the range of data, it is known as a measure of central tendency....
Coefficient of Variation Example
Coefficient of variation Example and how to identify whether the variation is acceptable or not? The coefficient of variation is the ratio of the standard deviation and the mean. Usually, it is expressed in...
10 Data analytics Interview Questions and Answer
Data analytics Interview Questions and Answer are a major part of the data science interview and the path to becoming a data analyst, data scientist, machine learning engineer, data engineer, or statistician. Top 10...
What is mean by the best standard deviation?
Best standard deviation- Our brains aren’t good at dictating small relationships or variations, such cases statistics is the only one way to measure the facts. Statistics is the medium of summarizing data points into...
Sample Size Calculation Formula
Sample Size Calculation Formula, In this article discussing about Sampling and sample size calculation formula. Sampling is part of our day-to-day life which we use knowingly or unknowingly. A simple example of sampling is...
Types of Data Visualization Charts
What are the different types of data visualization charts and advantages ? 1) Diagrams give a bird eye view of any type of data 2) Long lasting Impression 3) Easy to understand without knowing the...
What are the differences between Association and Correlation?
Differences between Association and Correlation, In this article, we are talking about major differences between association & correlation and measure of association of attributes like when, notations and terminology, order classes, different methods, etc… When do...
How to measure quality control charts?
Quality control charts, The statistical Quality Control chart is used to assess the product’s quality. Every product is made for a specific reason; if it fulfills that goal completely, it is considered good quality;...