Tag Archives forstatistics

Common Probability Distributions

 1. Normal Distribution:​Where:μ  = Meanσ  = Standard Deviationπ ≈ 3.141e ≈ 2.718​2. Binomial Distribution:​Where:p = Probability of successq = Probability of failure =  1−p​n = Number of trialsP(x) = Probability of x successes in n trials​3. Poisson Distribution:​Where:m = Probability of successP(x) = Probability of x successes.

Continue reading

Top Three Measures of Central Tendency

Three commonly used measures of central tendency are: Mean, Median and Mode. 1. Mean: Mean is also commonly known as the average, e.g., the average income of the country, the average height of people, etc. The mean is the most commonly used measure of central tendency. Formula: Example: Find the mean of 10, 11, 14, […]

Continue reading