Notes and Study material for Exams
Probability Probability is simply how likely something is to happen. Whenever we’re unsure about the outcome of an event, we can talk about the probabilities of certain outcomes—how likely they are. The analysis of events governed by probability is called statistics. Tossing a Coin When a coin is tossed, there are two possible outcomes: heads … Read more
Pie-chart A pie graph (or pie chart) is a specialized graph used in statistics. The independent variable is plotted around a circle in either a clockwise direction or a counterclockwise direction.The dependent variable (usually a Percentage) is rendered as an arc whose measure is proportional to the magnitude of the quantity.Each arc is depicted by … Read more
Data Interpretation Data Interpretation or DI refers to the implementation of procedures through which data is reviewed for the purpose of arriving at an inference. Data can be obtained from multiple sources e.g. data from running of industries, census Population data etc. Interpreting data requires analyzing data to infer information from it in order to … Read more