Tag: probability

What is 'Yearly Probability Of Dying' A numerical figure that depicts the likelihood of someone dying per year. The yearly probability of...

Yearly Probability Of Living What is 'Yearly Probability Of Living ' A numerical figure that depicts the likelihood of someone living...

What is an implied contract An implied contract is a legally binding agreement between two parties that is not written or spoken, but is simply...

What is 'Narrow-Based Weighted Average' An anti-dilution provision used to ensure that investors are not penalized when companies are undergoing additional financing...

What is 'Random Factor Analysis' A statistical analysis performed to determine the origin of random data figures collected. Random factor analysis is...

What is a 'Random Variable' A random variable is a variable whose value is unknown or a function that assigns values to...

What is 'Sampling' Sampling is a process used in statistical analysis in which a predetermined number of observations are taken from a...

DefinitionIn statistics, sampling bias is a bias in which a sample is collected in such a way that some members of the intended population...

What is a sampling distribution A sampling distribution is a function that shows how a statistic varies across different samples of data drawn from a...

In mathematics, standard deviation is the degree of the dispersion from a set of data’s mean. The SD is higher when the data is...