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Median absolute deviation (MAD): It is the very robust estimator of the scale given by the following equation
or, in other words we can say that, the median of the absolute deviations from the median of data. In order to use MAD as the consistent estimator of the standard deviation it is multiplied by a scale factor which depends on the distribution of the data. For normally distributed data the constant is 1.4826 and expected value of 1.4826 MAD is approximately equal to population standard deviation.
Generally the final stage of an exploratory factor analysis in which factors derived initially are transformed to build their interpretation simpler. Generally the target of the pr
Quota sample is the sample in which the units are not selected at the random, but in terms of a particular number of units in each of a number of categories; for instance, 10 men
A standard IQ test has a mean of 98 and a standard deviation of 16. We want to be 99% certain that we are within 8 IQ points of the true mean. Determine the sample size
How to estimate MLE for statistical anslysis using Markov Model?
5. Packages from a machine a normally distributed with a mean 200g and its standard deviation 2grams. Find the probability that a package from the machine weighs a) Less than
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An approach to decrease the size of very large data sets in which the data are first 'binned' and then statistics such as the mean and variance/covariance are calculated on each bi
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ACC – A pioneer in the Indian cement industry Associated Cement Companies Ltd. (ACC) came into existence in 1936, after the merger of 10 companies belonging to four important bus
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