Parametric and Nonparametric tests

We rarely heard of nonparametric tests while reading standard statistical books. However there are some scenarios where they should be used instead of parametric tests. [1] has beautiful blog about it, I am putting just a summary from that.   Different Tests Table below displays various tests, I have verified that all of these tests… Continue reading Parametric and Nonparametric tests


Probability Distribution

We have learned various probability distribution during high school and ¬†engineering courses. However at times we forget them, so here I am providing simple practical scenarios for each distribution with no theories involved. Bernoulli Distribution When the random variable has just two outcomes Probability of Drug/Medicine will be approved by government is p = 0.65… Continue reading Probability Distribution