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Why is it that a that a statistical test never proves with absolute certainty that and observed outcome was not a chance result?
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What is the meaning of the word likelihood?
In statistics, a likelihood function (often simply likelihood) is a function of a statistical model. The likelihood of a set parameter values, given outcomes x, is equal to the probability of those observed outcome.
How do you work out the relative frequency?
The relaive frequency of a particular outcome or event is the number of times the outcome is observed divided by the total number of outcomes observed.
What is the purpose of distributing?
A probability distribution links the probability of an outcome in a statistical experiment with the chances of it happening. Probability distributions are often used in statistical analysis.
What is the purpose of probability distribution?
A probability distribution links the probability of an outcome in a statistical experiment with the chances of it happening. Probability distributions are often used in statistical analysis.
What test provides a statement of probability that experimental outcome was due to random variation?
statistical testing
How do you work out the relative?
The relaive frequency of a particular outcome or event is the number of times the outcome is observed divided by the total number of outcomes observed.
What is the meaning of the word likelihood?
In statistics, a likelihood function (often simply likelihood) is a function of a statistical model. The likelihood of a set parameter values, given outcomes x, is equal to the probability of those observed outcome.
How do you work out the relative frequency?
The relaive frequency of a particular outcome or event is the number of times the outcome is observed divided by the total number of outcomes observed.
How should the measure of risk of an asset be interpreted?
Risk is necessary in the investment world. The absolute measure of risk is the standard deviation which is a statistical measure of dispersion. The distribution curve shows how much an asset can deviate from its expected outcome.
What are the research project tools for analyzing the outcome?
Mathematical tools such as statistical analyses.
What does probability level mean?
The probability level for an outcome is the probability that the outcome was at least as extreme as the one that was observed.
What is the difference between sowing and planting?
The treatment effect is the difference between the observed outcome and the "normal" outcome
What the difference between a pie and tartlet?
The treatment effect is the difference between the observed outcome and the "normal" outcome
What is the purpose of distributing?
A probability distribution links the probability of an outcome in a statistical experiment with the chances of it happening. Probability distributions are often used in statistical analysis.
what is the difference between ignorance ang apathy?
The treatment effect is the difference between the observed outcome and the "normal" outcome
What is statistical data?
Statistical data are numbers that are based on a sampling of a population to predict an outcome. The accuracy depends on the sample number and error and confidence and other analysis.
What is the purpose of probability distribution?
A probability distribution links the probability of an outcome in a statistical experiment with the chances of it happening. Probability distributions are often used in statistical analysis.
