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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 value. When there is an even number of the observations the measure is calculated as the average of two central values. It provides a measure of the location of a sample which is suitable for asymmetric distributions and is also relatively insensitive to presence of outliers.
The number of employees absent from work at a large electronics manufacturing plant over aperiod of 106 days is given in the table below. 146 141 139 140 145 141 142 131 142 140
MEANING ,IMPORTANCE AND RELEAVANCE OF SCATTER DIAGRAM
A term usually used for unobserved individual heterogeneity. Such variation is of main concern in the medical statistics particularly in the analysis of the survival times where ha
In the experimental studies, the collection of individuals to which the experimental process of interest is not applied. In the observational studies, most often used for a collect
Option-3 scheme is a scheme of measurement used in the situations investigating possible changes over the time in longitudinal data. The scheme is planned to prevent measurement o
The Null Hypothesis - H0: There is no heteroscedasticity i.e. β 1 = 0 The Alternative Hypothesis - H1: There is heteroscedasticity i.e. β 1 0 Reject H0 if Q = ESS/2 >
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Point scoring is an easy distribution free method which can be used for the prediction of a response which is a binary variable from the observations on several explanatory variab
I have a problem I am trying to solve. An oil company thinks that there is a 60% chance that there is oil in the land they own. Before drilling they run a soil test. When there is
Radical statistics group : The national network of the social scientists in United Kingdom committed to the critique of statistics as taken in use in the policy making procedure. T
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