Statistics MCQs, Analysis, Software
Simulation is used before an existing system is altered or a new system is built, to reduce the chances of failure to meet specifications, eliminate unforeseen bottlenecks, prevent under or over-utilization of resources, and optimize system performance. Simulation is used in many contexts, such as simulation of technology for performance …
MATLAB stands for “Matrix Laboratory” and is an interactive, matrix-based system and fourth-generation programming language from Mathworks Inc., which is mathematics software. Matlab helps to perform statistical analysis and gives the user complete freedom to implement specific algorithms and perform complex custom-tailored operations. Matlab has a command-driven approach. Commands with …
Question: What is a measure of central tendency and what are the common measures of central tendency? Also, when is the median preferred over the mean? A measure of central tendency is the single numerical value considered most typical of the values of a quantitative variable. The most common measure …
A frequency table is a way of summarizing a set of data. It is a record of each value (or set of values) of the variable in the data/question. In this post, we will learn about the ways of Constructing Frequency Tables for discrete and continuous data. A grouping of …