What is Covariance in statistics Covariance is a mathematical or statistical tool which measures the relationship between two random variables. […]
Six Sigma and Statistics
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Correlation and Regression What is a correlation: Correlation is a test in statistics to get to know if there is
An absolute measure of dispersion is one that measures dispersion in terms of the same units as the unit of data. if the unit of data is meter, kilogram or mile then measure of dispersion will be in the same unit.
What are measures of central tendency? A measure of central tendency is a single value that attempts to describe a set of
What is Data Data are basically units of information that are usually numeric. Technically it is a set of values