Y-intercept: The y-intercept is the point at which a line or curve crosses the y-axis. It is the point at which the line has a slope of zero.
Definition of Scientific Notation Scientific Notation: Scientific notation is a way of representing very large or very small numbers. In scientific notation, a number is written as a product of two factors: a coefficient and a power of 10. The coefficient is a number between 1 and 10 that multiplies the power of 10. The…
Definition of Joint Distribution Joint Distribution: A joint distribution is a way of representing the probability of two or more events occurring simultaneously. What is Joint Distribution used for? Joint Distribution is a statistical tool used to analyze the relationship between two or more random variables. It measures how one variable affects another in a…
Ad Hoc Analysis is an exploratory analysis technique used to uncover patterns or relationships in a dataset. Often times this work is performed “Ad Hoc” or “On The Fly”… meaning it it done in the moment.
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.