Tags Statistics

# Tag: statistics

### What is Ratio scale?

Measurement scales are classified popularly under four categories: Nominal, Ordinal, Interval and Ratio scales. Ratio scales are important when it comes to measurement scales because...

### What is Ordinal scale?

Measurement scales are classified popularly under four categories: Nominal, Ordinal, Interval and Ratio scales. Ordinal Scale data share some properties of numbers of arithmetic but...

### What is Nominal scale?

Measurement scales are classified popularly under four categories: Nominal, Ordinal, Interval and Ratio scales. Nominal measurement is used to label a variable without any ordered value....

### How to find Covariance between two variables using R?

Covariance is the simplest and widely used measure of correlation. We can find the covariance between two variables in R using the cov function. Covariance measures...

### What is Covariance? How to calculate in spreadsheet?

In mathematics and statistics, covariance is a measure of the relationship between random variables. This metric used to measure how one random variable moves...

### Important properties of the Normal distribution

The normal distribution was first described by Abraham Demoivre (1667-1754) as the limiting form of binomial model in 1733. Normal distribution was rediscovered by Gauss in...

### Forfaiting: Meaning and Characteristics

Generally, there is a delay in getting paid by the exporter from the importer. This makes it difficult for the exporter to expand his...

### Factoring: Meaning, Definition and Objectives

The word factor is derived from the Latin word 'facere'. It means to make or do or to get things done. Factoring simply refers...

### Different Film Certificates given by Central Board of Film Certification

U- Universal Unrestricted Public Exhibition throughout India, suitable for all age groups. Films under this category should not upset children over 4. This rating is...

### Meaning of Pre-Production and Post-Production in Flims/Movies

Pre-Production In pre-production, every step of actually creating the film is carefully designed and planned. The production company is created and a production office established....