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Prior distributions: The probability distributions which summarize the information about a random variable or parameter known or supposed at a given time instant, prior to attaining further information from the empirical data. It is used almost entirely within the context of Bayesian inference. In any specific study a variety of such kind of distributions might be assumed. For instance, reference priors represent the minimal prior information; clinical priors are used to formalize the opinion of well-informed specific individuals, frequently those taking part in the trial themselves. Lastly, sceptical priors are used when the large treatment differences are considered unlikely.
A rule for computing the number of classes to use while constructing a histogram and can be given by here n is the sample size and ^ γ is the estimate of kurtosis.
Bootstrap : The data-based simulation method/technique for the statistical inference which can be used to study the variability of the estimated characteristics of the probability
ain why the simulated result doesn''t have to be exact as the theoretical calculation
Software which started out as the spreadsheet targeting at manipulating the tables of number for financial analysis, which has now developed into a more flexible package for workin
Opreation research phase
Zero sumgame is a game played by the number of persons in which the winner takes all stakes given by the losers so that the algebraic sum of gains at any stage is zero. Number of
how to resolve sequencing problem if jobs 6 given and 4 machines given. how to apply johnson rule for making to machines under this conditions. please give solution as soon as poss
Pie chart is an extensively used graphical technique for presenting relative frequencies related with the observed values of the categorical variable. The chart comprises of a cir
Case series : It is the series of reports on the condition of the individual patients made by treating physician. Such reports might be helpful and informative for the rare disease
Occam's razor is an early statement of the parsimony principle, which was given by William of Occam (1280-1349) namely 'entia non sunt multiplicanda praeter necessitatem'; which m
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