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Statistics Guide

The document is a comprehensive guide to statistics focusing on descriptive and inferential statistics, including measures of central tendency such as mean, median, and mode. It provides solved problems for calculating these measures, as well as examples of binomial probability and simple linear regression. Additionally, it includes practice problems for readers to apply their understanding of the concepts presented.

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17 views2 pages

Statistics Guide

The document is a comprehensive guide to statistics focusing on descriptive and inferential statistics, including measures of central tendency such as mean, median, and mode. It provides solved problems for calculating these measures, as well as examples of binomial probability and simple linear regression. Additionally, it includes practice problems for readers to apply their understanding of the concepts presented.

Uploaded by

srinithijanani022
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Comprehensive Guide to Statistics for High-Quality Data Analytics

1. Descriptive Statistics

1.1 Measures of Central Tendency

Solved Problem 1: Mean Calculation


Problem: Find the mean of the dataset [10, 20, 30, 40, 50].

Solution:

Mean = (10 + 20 + 30 + 40 + 50) / 5 = 30

Solved Problem 2: Median Calculation


Problem: Find the median of [5, 10, 15, 20, 25, 30].

Solution:

Since the dataset has an even number of elements, the median is the average of the two
middle values:

Median = (15 + 20) / 2 = 17.5

Solved Problem 3: Mode Calculation


Problem: Find the mode of [4, 5, 6, 7, 5, 8, 5, 9].

Solution: The number 5 appears most frequently. Hence, Mode = 5.

2. Inferential Statistics

Solved Problem 6: Binomial Probability


Problem: A fair coin is flipped 4 times. What is the probability of getting exactly 2 heads?

Solution: Using the binomial probability formula:

P(2 heads) = 6 * (0.5)^2 * (0.5)^2 = 0.375

3. Regression Analysis

Solved Problem 8: Simple Linear Regression


Problem: Given the data X = [1, 2, 3, 4] and Y = [2, 2.5, 3.5, 5], find the regression equation.

Solution: Using the least squares method, we get:

Regression equation: Y = 1.2 + 0.9X


Practice Problems (For You to Try)
1. Calculate the mean, median, and mode for [10, 12, 14, 14, 18, 20].

2. A dataset has a mean of 20 and a standard deviation of 5. Find the variance.

3. A dice is rolled 3 times. Find the probability of getting exactly 2 sixes.

4. A university claims students study 6 hours per day. A survey shows a mean of 5.5 hours
with a standard deviation of 1 hour. Use a t-test to verify the claim.

5. Given data (X: [1, 2, 3], Y: [3, 6, 9]), calculate the Pearson correlation coefficient.

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