Hi Everyone! Today, we will learn about the concepts of expected value, variance and standard deviation. We will also learn about their implementation using MS-Excel. Consider a firm M which has collected the data of profits and the probability of their occurrence. The profits can be taken in the scale of 1000’s of $. We […]
Tag: analytics
Expected value and standard deviation
Expected value, variance and standard deviation Hi Everyone! Today, we will learn about the concepts of expected value, variance and standard deviation. We will also learn about their implementation using MS-Excel. Consider a firm M which has collected the data of profits and the probability of their occurrence. The profits can be taken in the […]
Introduction to Statistics
Data science is an art of analyzing the data generated by the businesses, to look for any meaningful patterns in them, which can be interpreted to make inferences and generate profit.