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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.
Remedian: The robust estimator of location which is computed by an iterative process. By assuming that the sample size n can be written as bk where b and k are the integers, the s
Evaluate the following statistical arguments. Begin by identifying the sample, population, and the property which is being investigated. Do these arguments sound acceptable? Would
Independent component analysis (ICA) is the technique for analyzing the complex measured quantities thought to be mixtures of other more fundamental quantities, into their fundamen
How large would the sample need to be if we are to pick a 95% confidence level sample: (i) From a population of 70; (ii) From a population of 450; (iii) From a population of 1000;
Mann Whitney test is a distribution free test which is used as an alternative to the Student's t-test for assessing that whether the two populations have the same median. The test
The nonparametric Bayesian inference approach to using the finite mixture distributions for modelling data suspected of the containing distinct groups of observations; this approac
1. define statistical algorithms 2. write the flow charts for statistical algorithms for sums, squares and products. 3. write flow charts for statistical algorithms to generates ra
Lagging indicators: The part of a collection of the economic time series designed to give information about the broad swings in measures of the aggregate economic activity known a
Contour plot : A topographical map drawn from data comprising observations on the three variables. One variable is represented on horizontal axis and the second variable is represe
Resentful demoralization is the possible phenomenon in the clinical trials and intervention studies in which comparison groups not attaining a perceived desirable treatment become
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