Understanding Poisson Distribution What is Poisson distribution? The Poisson Distribution is a type of probability distribution that is used to…
What is Binomial Distribution? The binomial distribution is a probability distribution that is used in situations where there are two…
What is Standard Deviation? Standard deviation (SD) is a crucial statistic that measures how dispersed data points are within a…
What is Sample Variance? In statistics, sample variance (s²) plays a crucial role in understanding how spread out data points…
Before we dig into understanding normal distribution, we should first take a look at what distribution is? What is distribution?…
What is Probability? Probability refers to the chance or likelihood of a particular event taking place. It's a numerical measure…
What is Population variance? Population variance (σ²) is a crucial measure of how spread out the values are within a…
What are sample mean and population mean? Sample mean and Population mean are two key statistics used to measure the…
What is the difference between percentage and percentile? Both percentage and percentile are used to express data points in relation…
What is Central Tendency? In statistics, central tendency refers to a collection of summary measures that describe the typical or…