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National lotteries: Games of chance held to heave money for particular causes. The first held in the UK took place in the year 1569 principally to raise money for repair of the Cinque Ports. There were nearly 400 000 tickets or lots, with prizes in the form of the plate, tapestries and money.
Nowadays lotteries are held in several countries with proceeds either used to augment the exchequer or to fund the good causes. The current UK version began in November in the year1994 and consists of selecting six numbers from 49 for a one pound bet. The winning numbers are drawn 'at random' using one of the number of 'balls-in-drum' type of the machine.
The graphic representation of the alternatives in a decision making problem which summarizes all the possibilities foreseen by the decision maker. For instance, suppose we are give
Attack rate : This term frequently used for the incidence of the disease or condition in the particular group, or during a limited interval of time, or under the special circumstan
The procedure in which the prior distribution is required in the application of Bayesian inference, it is determined from empirical evidence, namely same data for which the posteri
Lie factor : A measure suggested by Tufte for judging the honesty of the graphical presentation of data. Which can be calculated as follows The values close to one are desir
Procrustes analysis is a technique of comparing the alternative geometrical representations of a group of multivariate data or of the proximity matrix, for instance, two competing
The regression analysis is used to fit a model describing the relationship of a dependent variable with independent variable(s). Here we have fitted three regression models:
Median is the value in a set of the ranked observations which divides the data into two parts of equal size. When there are an odd number of observations the median is middle v
Tracking is the term sometimes used in the discussions of data from the longitudinal study, to describe the ability to predict the subsequent observations from previous values. In
Chance events : According to the Cicero these are events which occurred or will occur in ways which are the uncertain-events which may happen, may not happen, or may happen in some
Difference b/w historigram and histogram
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