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In statistics, the standard deviation is a measure of the amount of variation of the values of a variable about its mean. [1] A low standard deviation indicates that the values tend to be close to the mean (also called the expected value ) of the set, while a high standard deviation indicates that the values are spread out over a wider range.
Statistics (from German: Statistik, orig. "description of a state, a country") [ 1][ 2] is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. [ 3][ 4][ 5] In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or ...
A statistic (singular) or sample statistic is any quantity computed from values in a sample which is considered for a statistical purpose. Statistical purposes include estimating a population parameter, describing a sample, or evaluating a hypothesis. The average (or mean) of sample values is a statistic. The term statistic is used both for the ...
This approximate formula is for moderate to large sample sizes; the reference gives the exact formulas for any sample size, and can be applied to heavily autocorrelated time series like Wall Street stock quotes. Moreover, this formula works for positive and negative ρ alike. [12] See also unbiased estimation of standard deviation for more ...
A statistical model is a mathematical model that embodies a set of statistical assumptions concerning the generation of sample data (and similar data from a larger population ). A statistical model represents, often in considerably idealized form, the data-generating process. [ 1] When referring specifically to probabilities, the corresponding ...
Cumulative distribution function for the exponential distribution Cumulative distribution function for the normal distribution. In probability theory and statistics, the cumulative distribution function (CDF) of a real-valued random variable, or just distribution function of , evaluated at , is the probability that will take a value less than or equal to .
Mathematics portal. v. t. e. Bayesian statistics ( / ˈbeɪziən / BAY-zee-ən or / ˈbeɪʒən / BAY-zhən) [ 1] is a theory in the field of statistics based on the Bayesian interpretation of probability, where probability expresses a degree of belief in an event. The degree of belief may be based on prior knowledge about the event, such as ...
Power (statistics) In frequentist statistics, power is a measure of the ability of an experimental design and hypothesis testing setup to detect a particular effect if it is truly present. In typical use, it is a function of the test used (including the desired level of statistical significance ), the assumed distribution of the test (for ...
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