There are many trading styles when dealing with financial instruments. Some traders prefer scalping strategies, while others prefer to open trades for days. Because of this, brokers should offer different account types to appeal to all trader types. Just log in to the account that you will be using as a payment method and screenshot […]

Hypothesis testing involves checking that your samples repeat the results of your hypothesis (or proposed explanation). The aim is to rule out the possibility that a given result has occurred by chance. A topical example descriptive vs inferential statistics of this is the clinical trials for the Covid-19 vaccine. Since it’s impossible to carry out […]

In essence, they breathe life into data and help us derive meaning from it. If the p-value of the regression turns out to be significant, then we can conclude that there is a significant relationship between these two variables in the overall population of students. Fortunately, you can use online calculators to plug in these values […]

These methods help to provide a clear and concise summary of the data, facilitating easier interpretation and understanding. Descriptive statistics primarily describe, summarize, and present data in a meaningful way. This could include measures of central tendency like the mean, median, and mode, or measures of dispersion or variation like range, variance, and standard deviation. […]

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Descriptive statistics is a branch of statistics that deals with summarizing and describing the main features of a dataset. It provides methods for organizing, visualizing, and presenting data meaningfully and informally. Descriptive statistics describe the characteristics of the data set under study without generalizing beyond the analyzed data. Hypothesis testing allows analysts to make statistically-based […]