Statistics has a variety of tools to help us understand and interpret data. Two such tools are skewness and kurtosis, which give us insights into the shape of a data distribution. Let’s dive deeper into these concepts and understand their significance. In this blog post we will learn Skewness 1.1. Types of Skewness: 1.2. Rules …
Dive deep into the world of statistics and measures of dispersion, from understanding its essence to its practical application using Python. In this Blog post we will learn: What is Dispersion in Statistics? Advantages and Applications of Measures of Dispersion: Types of Measures of Dispersion 3.1. Absolute Measure of Dispersion 3.2. Relative Measure of Dispersion …
Quantiles and percentiles are crucial statistical concepts that assist in understanding and interpreting data. They are essentially tools to help divide datasets into smaller parts or intervals based on the data’s distribution. Let’s delve deep into these concepts and see them in action with Python. In this blog post we will learn Quantiles Percentiles Why …
