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DATA SCIENCE
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Mathematics & statistics

Mathematics & Statistics are often used interchangeably but are two very different subjects.

 

Mathematics is the art of numbers, quantity, and space. The study of Mathematics on its own it is called pure mathematics. Likewise it can also be applied to other areas such as physics and engineering. In this case, it is called applied mathematics.

 

Statistics is often confused with Mathematics. Statistics is the art of collecting and analyzing numerical data in large quantities, for the purpose of deducting shares as a whole from those in a representative sample.

 

In this category you will find a vast range of topics within both fields.

 

Mathematics & statistics

Data Analytics

What Is Data Analytics? Data analytics is the science of analyzing raw data in order to make conclusions about that information. Many of the...

by Data Science Team 1 year agoApril 13, 2021
Mathematics & statistics

Permutation

A permutation, also called an “arrangement number” or “order,” is a rearrangement of the elements of an ordered list S into a one-to-one correspondence...

by Data Science Team 1 year agoMay 8, 2020
Mathematics & statistics

Monte Carlo Simulation

You can use the Monte Carlo Simulation to generate random variables with the help of a mathematical technique. You can use this technique to...

by Data Science Team 1 year agoDecember 26, 2020
Monte carlo simulation
Mathematics & statistics

Empirical Rule Calculator

This empirical rule calculator is often employed to calculate the share of values that fall within a specified number of ordinary deviations from the...

by Data Science Team 1 year agoOctober 17, 2020
empirical rule
Mathematics & statistics

Scatterplot

Description It is also known as a dispersion graph, point graph, X-Y graph, dispersion graph or dispersion diagram. Scatterplots utilize a collection of points...

by Data Science Team 1 year agoMay 8, 2020
Mathematics & statistics

Stratification

Stratification means arranging something, or something that has been arranged, into categories. By the time you figure out the complex social stratification of your...

by Data Science Team 1 year agoMay 8, 2020
Mathematics & statistics

What is the Coefficient of Variation?

A coefficient of variation (CV) shall be a measure of relative variability. It is the ratio of the standard deviation to the mean (mean)....

by Data Science Team 1 year agoMay 8, 2020
Mathematics & statistics

What is a Confidence Interval?

Statisticians use a confidence interval to describe the amount of uncertainty associated with a sample estimate of a population parameter. How to Interpret Confidence...

by Data Science Team 1 year agoMay 8, 2020
Mathematics & statistics

Learning Objectives

Use summation notation to express the sum of all numbers Use summation notation to express the sum of a subset of numbers Use summation...

by Data Science Team 1 year agoMay 8, 2020
Mathematics & statistics

Inferential Statistics

With inferential statistics, you are attempting to arrive at resolutions that reach out past the quick information alone. For example, we utilize statistics to...

by Data Science Team 1 year agoDecember 15, 2020
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