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Maximum Likelihood Estimation

Maximum Likelihood Estimation.

Maximum Likelihood Estimation

The maximum likelihood estimation is a very rigorous statistical method of estimation. The word likelihood has the same meaning as the word probability. The method of maximum likelihood is not restric

Skewness

Skewness.

Skewness

Lack of symmetry is called Skewness. If a distribution is not symmetrical then it is called skewed distribution, skewness may be positive or negative.

Graphic Location of Mode

Graphic Location of Mode.

Graphic Location of Mode

The top left corner of the highest  rectangle is joined with the top left corner of the following rectangle and top  right corner of the  highest rectangle is joined with the top right corner.

Graphic Location of Median

Graphic Location of Median.

Graphic Location of Median

Median and other partition values can be located from the graph of the cumulative frequency polygon. Suppose we have a graph of the cumulative frequency polygon as shown.

Quartiles

Quartiles.

Quartiles

There are three quartiles called, first quartile, second quartile and third quartile. There quartiles divides the set of observations into four equal parts. The second quartile is equal to the median.

Median

Median.

Median

Median is the most middle value in the arrayed data. It means that when the data are arranged, median is the middle value if the number of values is odd and the mean of the two middle values

Advantages and Disadvantages of Mode

Advantages and Disadvantages of Mode.

Advantages and Disadvantages of Mode

It is easy to understand and simple to calculate, it is stable for large values and it will not be well defined if the data consists of small number of values.

Concept of Mode

Concept of Mode.

Mode is the value which occurs the greatest number of times in the data. When each value occur the same numbers of times in the data, there is no mode.

Introduction to Logic

Introduction to Logic.

Introduction to Logic

Mint Julep Recipe | News Village

Mint Julep Recipe | News Village.

Mint Julep Recipe | News Village

Since 1938 Mint Julep is known as the official drink of Kentucky Derby as it is the most popular drink of the event. According to a rough estimate more than