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Probability judgements: Human beings often require assessing the probability which some event will occur and accuracy of these probability judgements often determines success of our actions and our decisions. There is strong evidence that the human probability judgements are biased on the overestimation of low probabilities.
Naor's distribution is the discrete probability distribution which arises from the following model; Assume an urn contains n balls of which one is red and the remainder is whit
Healthy worker effect : The occurrence whereby employed individuals tend to have lower mortality rates than those who are unemployed. The effect, which can pose the serious problem
Regression through the origin : In some of the situations a relationship between the two variables estimated by the regression analysis is expected to pass by the origin because th
Projection pursuit is a procedure for attaning a low-dimensional (usually two-dimensional) representation of the multivariate data, which will be particularly useful in revealing
ACC – A pioneer in the Indian cement industry Associated Cement Companies Ltd. (ACC) came into existence in 1936, after the merger of 10 companies belonging to four important bus
Yate s' continuity correction : When the testing for independence in contingency table, a continuous probability distribution, known as chi-squared distribution, is used as the app
Response surface methodology (RSM): The collection of the statistical and mathematical methods useful for improving, developing, and optimizing processes with significant applicat
This is acronym for the Epidemiological, Graphics, Estimation and Testing of the program developed for the analysis of the data from studies in epidemiology. It can be made in use
Marginal matching is the matching of the treatment groups in terms of means or other summary characteristics of matching variables. This has been shown to be almost as efficient a
Categorizing continuous variables : A practice which involves the conversion of the continuous variables into the series of the categories, which is common in the field of medical
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