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Statistics Notes: Key Concepts and Tests Explained

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Master key statistical concepts with these detailed notes, ideal for students. Covering probability, Bayes’ theorem, variance, standard deviation, probability distributions, regression, ANOVA, t-tests, z-tests, two-sample tests, and hypothesis testing, these notes provide clear explanations and practical insights. Perfect for exam preparation, assignments, and research in fields like mathematics, business, and social sciences.

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Institution
Narsee Monjee Institute Of Management Studies
Course
SIDM

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,Statistical Inference for
Decision Making
·

, (session 1)




-




-

, (Non-parametric)
&




Carametric techniques)




• Percentile inc is used for when you can identify median for example
odd set of numbers.

• Percentile exc is used for when you cannot identify median for
example even set of numbers.

• Q3 - Q1 = Inter quartile range

• Coefficient of variance is useful for comparing two-different-
payment-methods

UPPER limit = q3 + 1.5x IQR
LOWER limit = q3- 1.5x1QR
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Institution
Narsee Monjee Institute Of Management Studies
Course
SIDM
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Uploaded on
September 8, 2024
Number of pages
88
Written in
2024/2025
Type
Class notes
Professor(s)
Sridhar vaithianathan
Contains
All classes

Subjects

  • statistics
  • probability
  • bayes theorem
  • variance
  • standard deviation
  • probability distribution
  • regression analysis
  • anova
  • t test
  • z test
  • two sample test
  • quantitative anal
  • correction factor hypothesis testing
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