standard deviation

Basic Concepts of Statistics #2

This post is a continuation of the Basic concepts of Statistics. Click here for part 1. In part 1 we learned the definitions of mean median and mode. In this post we will learn some additional concepts of statistics and basic terms. Variance Variance is a term that defines the range of values that may occur away from the mean of the sample. For example, you pick a random sample… Read More »Basic Concepts of Statistics #2