If all the outcomes of a sample space have the same chance of occurrence, then it is known as equally likely outcomes. It is not necessary that the outcomes are equally likely, but during an …
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Total Number of Events
Total number of events that occurs in a sample space is known as total number of events. It is the sum of all the simple and compound events. Total number of events can be found …
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Event is the subset of the sample space or event can also be defined as the collection of either one or more than one outcomes of an experiment. It is sum of all possible outcomes …
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Sample space is a list of all possible outcomes of a random experiment. It is denoted by “S”. Each single possible outcome in a sample space is known as element of the sample space. When …
Continue readingMedian | Procedure | Median Formulas | Example
It is the numeric value that separates the higher digit values from the lower digit values. It is represented by . The median has some limitations. Median can only be defined for dimensional data and …
Continue readingSample Mean | Population Mean
The average value of a sample or population data is known as the arithmetic mean of that data. The sample mean is the sum of all the values divided by the number of values a …
Continue readingCentral Tendency | Mean | Example
Mean, median and mode are the various methods that give an overview of the statistical data numerically. A given statistical data can be represented either graphically or numerically. Graphical description of data is with the …
Continue readingDiscrete Variables | Classification | Examples
Discrete variable is a type of quantitative variable that only take a finite number of numerical values from the defined limits of the variable. It neglects all those values that are in decimal. Discrete variable …
Continue readingVariable | Classification Of Variable | Example
It is a characteristic that is either given in the form of value or quantity and that varies over the time is known as variable. Values are the mathematical numbers (i.e. 0,1,2,3,4,5,6,7,8 and 9) and …
Continue readingStatistical Presentation Of Data | Bar Graph | Pie Graph | Line Graph | Example
For easy understanding the variations in data. After the collection and tabulation of data, it can be represented by a graph. Most common graphs are Bar graphs Pie graphs Line graphs Bar Graph Bar graph represents …
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