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 …

Choose MEAN if you need the average and you are working with numerical qualitative values. Choose MEDIAN if you have outliers. Outliers impact the mean. This is why we have a 'median' house price. …

The point of this article, however, is to familiarize you with the process of computing standard deviation, which is basically the same no matter which formula you use.

You've experienced probability when you've flipped a coin, rolled some dice, or looked at a weather forecast. Go deeper with your understanding of probability as you learn about theoretical, …

In this article, we’ll review some probability basics, including how to calculate the probability of two independent events both occurring (event X and event Y) or the probability of either of two mutually …

Learn statistics and probability—everything you'd want to know about descriptive and inferential statistics.

To calculate it, you sum all the values in a dataset and then divide that sum by the total number of values. In statistics, using the term "mean" is often more precise to distinguish it from other …

This formula says that we can multiply the probabilities of two events, but we need to take the first event into account when considering the probability of the second event.

If you are inspired, and I encourage you to be inspired, try to fill out the whole thing, what's the probability that x equals one, two, three, four or five. So let's go to the probability that x equals two.

Let's say you are playing a game, say football, American football, and you wanted to figure out the probability of scoring a certain number of points. Well that isn't very simple because that's going to …