Statistics 101 Introduction to Probability Health Insurance, Poker, Investing, Blackjack and Lottery. What do these things among many others have in common? Yup you guessed it right, Probability. Probability is the science of estimating likelihood of something happening. The likelihood of getting a heads on coin. The likelihood of a stock going up. The likelihood
Statistics 101 How to Measure Variation in Data? In the last post we've discussed about central tendencies, and how they can help us understand where the data is mostly centered around. However, this begs the question of how to understand the variation in the data. I mean from our earlier example for understanding mean central tendency, we know
Statistics Statistics 101 - Central Tendencies In this post, We dive into central tendencies in statistics, like mean, median, and mode. The post explains why they're key for anyone starting in data analysis. It's a casual take on how these concepts play out in real-world data, highlighting their strengths and pitfalls.
Statistics 101 Statistics 101 - Essential Data Visualization ⬅️This article is the 2nd part in "Statistics 101" series. If you haven't read the previous articles, I would recommend you to go through them, especially, if you are not aware with those topics. Below are the links to all the articles published in this series so far. 1 -
Statistics 101 Statistics 101 - Levels of Data Alright, so this is a new series of posts in which I will focus on important statistical concepts from perspective of Data Science & Analytics applications, concepts which are generally applicable when working different types of Data Science projects. If you want to see all the posts under this series, just
