Instance: In the context of data science, an instance refers to a single occurrence of a set of data. For example, if you have a table of data that includes information on customer orders, each row in the table would be considered an instance of that data.
Definition of Measurement Measurement: A measurement is a quantifiable value that is assigned to a variable. Measurement is the process of quantifying a property of an object. How are Measurements used? Measurements play an important role in data science and machine learning. They are used to help quantify and compare models, features, and data points….
Definition of Population Population: A population is the complete set of all individuals or items under consideration. In statistics, a population is often described by its parameters, such as its mean and standard deviation. The population can also simply be defined as the entire set of items or cases to be studied.
A binomial distribution is a statistical distribution that gives the probability of a certain number of successes in a series of n independent Bernoulli trials.
Definition of Observational Study Observational Study: Observational study is a study in which data is collected without affecting the participants.
Definition of Network Analysis Network Analysis: Network analysis is the process of studying relationships between entities in a network. Network analysis can be used to understand how information flows through a network, or to identify important nodes in a network.