Tag Archives: statistics
Categorical Data Visualization: Concepts, Examples
Everyone knows that data visualization is one of the most important tools for any data scientist or statistician. It helps us to better understand the relationships between variables and identify patterns in our data. There are specific types of visualization used to represent categorical data. This type of data visualization can be incredibly helpful when it comes to analyzing our data and making predictions about future trends. In this blog, we will dive into what categorical data visualization is, why it’s useful, and some examples of how it can be used. Types of Data Visualizations for Categorical Dataset When it comes to visualizing categorical data sets, there are primarily four …
Types of Probability Distributions: Codes, Examples
In this post, you will learn the definition of 25 different types of probability distributions. Probability distributions play an important role in statistics and in many other fields, such as economics, engineering, and finance. They are used to model all sorts of real-world phenomena, from the weather to stock market prices. Before we get into understanding different types of probability distributions, let’s understand some fundamentals. If you are a data scientist, you would like to go through these distributions. This page could also be seen as a cheat sheet for probability distributions. What are Probability Distributions? Probability distributions are a way of describing how likely it is for a random …
Types of Frequency Distribution & Examples
Frequency distributions are an important tool for data scientists, statisticians, and other professionals who work with data. Frequency distributions help to organize and summarize data, making it easier to identify the behavior of the data including patterns and trends. Evaluating frequency distribution is one of the important technique of univariate descriptive statistics. In this article, we’ll take a look at the concepts of the frequency distribution, its different types and provide some examples of each. What is Frequency Distribution? Frequency distribution is a statistical tool used to represent the frequency with which different categories of a qualitative or quantitative variable occur. It provides an overview of the data and allows …
Generate Random Numbers & Normal Distribution Plots
In this blog post, we’ll be discussing how to generate random numbers samples from normal distribution and create normal distribution plots in Python. We’ll go over the different techniques for random number generation from normal distribution available in the Python standard library such as SciPy, Numpy and Matplotlib. We’ll also create normal distribution plots from these numbers generated. Generate random numbers using Numpy random.randn Numpy is a Python library that contains built-in functions for generating random numbers. The numpy.random.randn function generates random numbers from a normal distribution. This function takes size N as in number of numbers to be generated as an input and returns an array of N random …
Top Python Statistical Analysis Packages
As a data scientist, you know that one of the most important aspects of your job is statistical analysis. After all, without accurate data, it would be impossible to make sound decisions about your company’s direction. Thankfully, there are a number of excellent Python statistical analysis packages available that can make your job much easier. In this blog post, we’ll take a look at some of the most popular ones. SciPy SciPy is a Python-based ecosystem of open-source software for mathematics, science, and engineering. SciPy contains modules for statistics, optimization, linear algebra, integration, interpolation, special functions, Fourier transforms (FFT), signal and image processing, and other tasks common in science and …
Covariance vs. Correlation vs. Variance: Python Examples
In the field of data science, it’s important to have a strong understanding of statistics and know the difference between related concepts. This is especially true when it comes to the concepts of covariance, correlation, and variance. Whether you’re a data scientist, statistician, or simply someone who wants to better understand the relationships between different variables, it’s important to know the difference between covariance, correlation, and variance. While these concepts may seem similar at first glance, they each have unique applications and serve different purposes. In this blog post, we’ll explore each of these concepts in more detail and provide concrete examples of how to calculate them using Python. What …
Central Limit Theorem: Concepts & Examples
The central limit theorem is one of the most important concepts in statistics. This theorem states that, given a large enough sample size, the distribution of sample averages will be approximately normal. This is a huge deal because it means that we can use the normal distribution to make predictions about populations based on samples. In this article, we’ll explore the central limit theorem in more detail and look at some examples of how it works. As data scientists, it is important to understand the central limit theorem so that we can apply it to real-world situations. What is the central limit theorem and why is it important? The central …
Statistics – Random Variables, Types & Python Examples
Random variables are one of the most important concepts in statistics. In this blog post, we will discuss what they are, their different types, and how they are related to the probability distribution. We will also provide examples so that you can better understand this concept. As a data scientist, it is of utmost importance that you have a strong understanding of random variables and how to work with them. What is a random variable and what are some examples? A random variable is a variable that can take on random values. The key difference between a variable and a random variable is that the value of the random variable …
Two sample Z-test for Proportions: Formula & Examples
In statistics, a two-sample z-test for proportions is a method used to determine whether two samples are drawn from the same population. This test is used when the population proportion is unknown and there is not enough information to use the chi-squared distribution. The test uses the standard normal distribution to calculate the test statistic. As data scientists, it is important to know how to conduct this test in order to determine whether two proportions are equal. In this blog post, we will discuss the formula and examples of the two-proportion Z-test. What is two proportion Z-test? A two-proportion Z-test is a statistical hypothesis test used to determine whether two …
Linear regression hypothesis testing: Concepts, Examples
In relation to machine learning, linear regression is defined as a predictive modeling technique that allows us to build a model which can help predict continuous response variables as a function of a linear combination of explanatory or predictor variables. While training linear regression models, we need to rely on hypothesis testing in relation to determining the relationship between the response and predictor variables. In the case of the linear regression model, two types of hypothesis testing are done. They are T-tests and F-tests. In other words, there are two types of statistics that are used to assess whether linear regression models exist representing response and predictor variables. They are …
One-sample Z-test for Means: Formula & Examples
One sample Z-test for means is one of the statistical techniques used for testing hypothesis related to whether the sample belongs to a population. As a data scientist, you must get a good understanding of the z-test and its applications to test the hypothesis for your statistical models. In this blog post, we will discuss the one sample z-test for means and its concepts with an example. You may want to check my post on hypothesis testing titled – Hypothesis testing explained with examples What is One-sample Z-test for Means? Z-test is usually referred to as a 1-sample Z-test for means that is used to test the hypothesis about the …
Z-tests for Hypothesis testing: Formula & Examples
Z-tests are statistical hypothesis testing techniques that are used to determine whether the null hypothesis relating to comparing sample means or proportions with that of population at a given significance level can be rejected or otherwise based on the z-statistics or z-score. As a data scientist, you must get a good understanding of the z-tests and its applications to test the hypothesis for your statistical models. In this blog post, we will discuss an overview of different types of z-tests and related concepts with the help of examples. You may want to check my post on hypothesis testing titled – Hypothesis testing explained with examples What are Z-tests & Z-statistics? …
One sample Z-test for proportion: Formula & Examples
One proportion z-test or one-sample Z-test for proportion is one of the most popular statistical hypothesis tests dealing with one sample proportion. It is used to determine whether or not a hypothesized mean difference between the sample and the population can be rejected by drawing conclusions from sample data. As a data scientist, it is important to be proficient in this type of Z-test and understand how it works. In this blog post, we will learn about how one proportion z-test works with the help of formula and examples. What is one sample Z-test for proportion? A one proportion Z-test is a hypothesis testing technique which is used for testing …
Z-test MCQs with Answers: Interview Questions
In this blog post, you can test your knowledge about Z-test, Z-statistics and related concepts through multiple choice questions (MCQs) and answers. Getting a good understanding of Z-tests, Z-statistics and Z-distribution is of utmost importance for data scientists at large. The following are key concepts around which the MCQs are posted: Z-score or Z-statistics concepts Estimation of population mean and proportion 1-sample Z-test for mean and proportion 2-samples Z-test for mean and proportion Z-test Interview Questions Samples The following is a list of interview questions that you would want to learn: What is Z-score? Explain with an example and formula. What are different types of Z-tests? Explain with formula and …
Z-Score Explained with Ronaldo / Robert Example
In this post, you will learn the concepts of Z-Score with the help from examples including Christiano Ronaldo and Robert Lewandowski. You will learn about how to compare and call out whose performance was better in Champions League 2019-2020. As a data scientist, it will be extremely important to learn the concepts of Z-Scores, also called as Standard scores, as it would help you evaluate / compare a particular data set with past data set. Before getting into the example of Z-scores, lets understand some concepts of Z-scores. What’s Z-Score or Z-statistics? Z-score can be defined as number of standard deviations the data point is above or below the mean …
Level of Significance & Hypothesis Testing
In hypothesis testing, the level of significance is a measure of how confident you can be about rejecting the null hypothesis. This blog post will explore what hypothesis testing is and why understanding significance levels are important for your data science projects. In addition, you will also get to test your knowledge of level of significance towards the end of the blog with the help of quiz. These questions can help you test your understanding and prepare for data science / statistics interviews. Before we look into what level of significance is, let’s quickly understand what is hypothesis testing. What is Hypothesis testing and how is it related to significance …
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