After reading this article you will learn about the meaning and theories of probability. Meaning of Probability: The word probability literally denotes chance and the theory of probability deals with laws governing the chances of occurrence of phenomena which are unpredictable in nature. Probability is, therefore, defined as the likelihood of occurrence of a particular event, i.e., something to occur [...]
After reading this article you will learn about:- 1. Meaning of X2- Test 2. Salient Features of X2- Test 3. Applications of X2- Test 4. Testing Goodness of Fit of X2- Test 5. Test of Linkage following the use of X2-Test 6. Use of X2-Test in Binomial Distribution 7. X2-Test Independence 8. X2-Test of Heterogeneity 9. Use of X2-Test in [...]
After reading this article you will learn about:- 1. Meaning of Mode 2. Merits of Mode 3. Demerits of Mode. Meaning of Mode: Most frequent value in a series. Mode cannot be determined from a series of individual observations unless it is converted into either a discrete or continuous series. In a discrete series the value of the variable against [...]