T-test: A T-test is a type of statistic that is used to compare two groups of data. It can be used to determine whether the means of the two groups are statistically different from each other.
Definition of Logarithm The logarithm is a mathematical function that calculates the power to which a base number must be raised to produce a given number. It is written as log(x) and is read “log of x.” How is Logarithm used? Logarithm is a mathematical operation used to calculate the power or exponent that a…
Definition of Dependent Variable A dependent variable (also called the response variable) is a variable whose value is determined by the value of one or more other variables (the independent variables). The dependent variable is usually the focus of a data analysis, since it is the quantity that is being measured or estimated. What is…
Artificial intelligence (AI) is the ability of a computer program to learn from data, recognize patterns and make decisions with minimal human intervention
Definition of Type II Error Type II error: A type II error, also known as a false negative error, is the incorrect acceptance of a false null hypothesis.
Definition of SaaS SaaS: Service as a software (SaaS) is a software delivery model in which software and its associated data are hosted by the provider. Customers can access and use the software, typically through a web browser, while the provider manages the infrastructure and security.Service as a software (SaaS) is a software delivery model…
Definition of Inferential Statistics Inferential Statistics: Inferential statistics are a type of statistics that are used to make estimations about populations based on samples. This is done by using the data from the sample to calculate a statistic, which is then used to make an inference about the population. What are Inferential Statistics used for?…