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When we don't have data on the subject we want to test
Why is the normal distribution so important in predictive analytics?
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The means from the samples are going to be normally distributed. It is also
crucial because it helps us prove cause and effect in predictive analyitcs
, What is our objective in using the 1-sample t-test?
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To prove cause and effect between two variables - a change in x and
change in y
What is the sampling distribution?
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Distribution of the means of the samples
Can we use small sample sizes to make predictions about the relationships between
two variables?
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Yes, we would rather have a small sample size that is representative as
opposed to a large samples size that is not representative
The percentage of all possible samples that can be expected to include the true
population parameter
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