difference descriptive statistics and inferential statistics

Estimation (point estimators and confidence intervals): Estimating population parameters and margins of error Properties of point estimators, including unbiasedness and variability Logic of confidence intervals, meaning of confidence level and confidence intervals, and properties of conf..

Probability: Interpreting probability, including long-run relative frequency interpretation 'Law of Large Numbers' concept Addition rule, multiplication rule, conditional probability, and independence Discrete random variables and their probability distributions, including binomial and ..

i. In a combination, only selection is made. In a permutation, not only a selection is made, but also there is an arrangement of a definite order. ii. There is no order of selection in combinations. In permutation, order is a must. iii. Usually (i.e., except in special cases or trivial cases), the..

Statistics is about collection of information and its presentation and about drawing inferences from these. We come across facts and figures in the newspapers, Television and the radio. The numerical figures are called "the data". If we have to draw good inferences from information ..

Take the midpoint of different classe..

Quantities such as height, weight, age, amount can have several different values. Quantities which can assume different numerical values are called variables. Variables are of two types: (a) Continuous (b) Discre..

The number of circular permutations of n different objects is (n-1)..

Applications - After the elementary study in probability, let us see how we can utilise this basic knowledge in solving problems of different are..

Find two positive numbers whose sum is at least 15 and whose difference is at the most 7 such that their product is maximum. Before solving this problem, we have to state the prob..

We are already familiar with graphical reorientation of linear equations and inequations. This chapter describes the application of linear equations and inequations in solving different kinds of practical problems. Let us consider few examples to understand what we mean by linear programm..