Articles & Books From Statistics

Probability For Dummies
Learn how to calculate your chances with easy-to-understand explanations of probability Probability—the likelihood or chance of an event occurring—is an important branch of mathematics used in business and economics, finance, engineering, physics, and beyond. We see probability at work every day in areas such as weather forecasting, investing, and sports betting.
Article / Updated 06-12-2023
Hypothesis tests are used to test the validity of a claim that is made about a population. This claim that’s on trial, in essence, is called the null hypothesis (H0). The alternative hypothesis (Ha) is the one you would believe if the null hypothesis is concluded to be untrue. Learning how to find the p-value in statistics is a fundamental skill in testing, helping you weigh the evidence against the null hypothesis.
Article / Updated 06-02-2023
In statistics, r value correlation means correlation coefficient, which is the statistical measure of the strength of a linear relationship between two variables. If that sounds complicated, don't worry — it really isn't, and I will explain it farther down in this article. But before we get into r values, there's some background information you should understand first.
Cheat Sheet / Updated 01-19-2023
Statistics involves a lot of data analysis, and analysis is built with math notation and formulas — but never fear, your cheat sheet is here to help you organize, understand, and remember the notation and formulas so that when it comes to putting them into practice or to the test, you’re ahead of the game!10 tips for the statistically savvy sleuthHere are some tips on what to do when you encounter statistics in the real world or in the workplace so you can avoid some of the most common statistical mistakes out there.
Article / Updated 10-26-2022
The t-table (for the t-distribution) is different from the z-table (for the z-distribution). Make sure you understand the values in the first and last rows. Finding probabilities for various t-distributions, using the t-table, is a valuable statistics skill. How to use the t-table to find right-tail probabilities and p-values for hypothesis tests involving t: First, find the t-value for which you want the right-tail probability (call it t), and find the sample size (for example, n).
Statistics All-in-One For Dummies
The odds-on best way to master stats. Statistics All-in-One For Dummies is packed with lessons, examples, and practice problems to help you slay your stats course. Develop confidence and understanding in statistics with easy-to-understand (even fun) explanations of key concepts. Plus, you’ll get access to online chapter quizzes and other resources that will turn you into a stats master.
Article / Updated 10-06-2022
If you know the standard deviation for a population, then you can calculate a confidence interval (CI) for the mean, or average, of that population. When a statistical characteristic that’s being measured (such as income, IQ, price, height, quantity, or weight) is numerical, most people want to estimate the mean (average) value for the population.
Article / Updated 09-22-2022
You can find a confidence interval (CI) for the difference between the means, or averages, of two population samples, even if the population standard deviations are unknown and/or the sample sizes are small. The goal of many statistical surveys and studies is to compare two populations, such as men versus women, low versus high income families, and Republicans versus Democrats.
Article / Updated 09-22-2022
You can calculate a confidence interval (CI) for the mean, or average, of a population even if the standard deviation is unknown or the sample size is small. When a statistical characteristic that’s being measured (such as income, IQ, price, height, quantity, or weight) is numerical, most people want to estimate the mean (average) value for the population.
Article / Updated 08-10-2022
When you perform a hypothesis test in statistics, a p-value helps you determine the significance of your results. Hypothesis tests are used to test the validity of a claim that is made about a population. This claim that’s on trial, in essence, is called the null hypothesis. The alternative hypothesis is the one you would believe if the null hypothesis is concluded to be untrue.