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Sudhakar Shivashankar liked Stephanie Glen's blog post Descriptive vs. Inferential Statistics in One PicturePosted on October 18, 2019 at 8:47am 0 Comments 1 Like
P-values ("Probability values") are one way to test if the result from an experiment is statistically significant. This picture is a visual aid to p-values, using a theoretical experiment for a pizza business.…
ContinuePosted on October 10, 2019 at 12:01pm 0 Comments 0 Likes
Correlation and regression analysis both deal with relationships between variables. There are many different types of correlation and regression; This image focuses on the differences between the two most common ones: Pearson correlation and…
ContinuePosted on September 30, 2019 at 12:00pm 0 Comments 0 Likes
You may have figured out already that statistics isn't exactly a science. Lots of terms are open to interpretation, and sometimes there are many words that mean the same thing—like "mean" and "average"—or sound like they should mean the same thing, like significance level and confidence level.
Although they sound very similar, significance level and confidence level are in fact two completely different concepts. Confidence levels and confidence…
ContinuePosted on September 22, 2019 at 6:03am 0 Comments 0 Likes
Correlation coefficients enable to you find relationships between a wide variety of data. However, the sheer number of options can be overwhelming. This picture sums up the differences between five of the most popular correlation coefficients.…
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