Regression: Regression is a technique used to model relationships between variables. It can be used to predict future values based on past values.
Definition of Probability Probability: Probability is a measure of how likely an event is to occur. It is calculated by dividing the number of times the event occurs by the total number of possible outcomes. It can be expressed as a number between 0 and 1, or as a percentage between 0% and 100%.
Definition of Data Collection Data Collection: Data collection is the process of gathering data, often from different sources, for analysis. This can be done through surveys, interviews, focus groups, or other methods. What is a Data Collection used for? A Data Collection is a collection of data that is used for the purpose of analysis…
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.
Definition of T-distribution The t-distribution is a type of probability distribution that is used to calculate the likelihood of an event occurring. It is a bell curve-like distribution that is used to calculate the standard error of a statistic.