Weighted Average
Definition of Weighted Average
Weighted Average: Weighted average is a calculation that assigns a weight to each value in a set and then calculates the sum of those weights divided by the sum of the weights.
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Definition of Two-sample t-test Two-sample t-test: A two-sample t-test is a statistical hypothesis test used to determine whether the means of two samples are statistically different from each other. The test statistic is a t statistic, which is the ratio of the differences between the means of the two samples to the standard error of…
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Bayesian Inference
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Bayesian Inference is a statistical method of using prior knowledge and data to generate probabilities about future events.