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What is statistics?
Statistics is a branch of science that deals primarily with data. Statistics as a science deals with all aspects of data including collection, organization, interpretation and conclusion making. This...
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Bell Curve aka Gaussian Function
Bell curve or more widely known as the Gaussian distribution/function is a theory that states how a standard deviation happens in any environment and by doing so this theory proposes a two or three...
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Statistics in Marketing
Marketing is one of those fields where everything is closely monitored and where data-driven approaches are the norm. And because of this marketers are using statistical methods to gather, analyze and...
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Statistics and Probability
If you have ever used probability or percentage to measure some value then you know that it is very hard to predict how often an event will occur and if it occur at all. In a completely deterministic...
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Null hypothesis
Statistics is data collection in order to later organize, analyse, interpret and also present them in a specific manner that gives inside look in the problem and probable solutions in the area that...
View ArticleProbability in poker
Poker might be one of the most popular card games, because it is played by people all around the world and of all ages. Some play it for fun, some play on bets, but some play it as their source of...
View ArticleStatistics as a career
We see statistical data every single day. This data helps us improve our lifestyle and activities because we know which decisions we should make. Without statistics we wouldn’t know that smoking is bad...
View ArticleStatistics 2015
Popullation and families Globally, there are about 62 million more men than women in the world. It is interesting, that in younger age groups men outnumber women, but in older age groups women...
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