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As one of the oldest multivariate statistical methods of data reduction, Principal Component Analysis (PCA)simplifies a dataset by producing a small number of derived variables that are uncorrelated and that account for most of the variation in the original data set. Eventually, the derived variables are combinations of the original variables. For example, it might be ?hat students take 10 examinations and some students do well in one exam whilst other students do better in another. It is difficult to compare one student with another when we have marks from 10 examinations to consider. One obvious way of comparing students is to calculate tlie mean score. This is a constructed combination of the existing variables,. However. we may get a more useful comparison of overall performances by considering other constructed combinations of the 10 exam marks. The PCA is one way of constructing such combinations, doing so in such ewakas to account for as much as possible of the variation in the original data. One can then compare students' performance by considering this much sn~aller number of variables.
Significance of Correlation The study of correlation is of immense use in practical life. Correlation analysis contributes to the understanding of economic behavior, aids in lo
Assumption of extrapolation
The box plot displays the diversity of data for the totexp; the data ranges from 30 being the minimum value and 390 being the maximum value. The box plot is positively skewed at 1.
Your company operates a machine shop, and, having heard you had experience in statistics and design of experiments, consulted you for your opinion on an experiment they want to run
Related Positional Measures Besides median, there are other measures which divide a series into equal parts. Important amongst these are quartiles, deciles and percentiles.
it is said that management is equivalent to decision making? do you agree? explain
Mathematical Properties The sum of deviations of the items from the arithmetic mean (taking signs into account) is always zero, i.e. = 0. The sum of
Assume that a simple random sample has been selected from a normally distribute population and test the given claim. Identify the null and alternative hypotheses, test statistic,
give me question on mean is the aimplest average to understand and easy to compute
CALCULATE THE PERCENTAGE OF REFUNDS EXPECTED TO EXCEED $1000 UNDER THE CURRENT WITHHOLDING GUIDELINES
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