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Negative hyper geometric distribution: In sampling without replacement from the population comprising of r elements of one kind and N - r of another, if two elements corresponding to which selected are replaced every time, then the probability of finding x elements of first kind in a random sample of n elements can be given as follows
The mean of distribution can be given as Nr/N and the variance can be given as follows (nr/N)(1-r/N)(N+n)/(N+1).
It corresponds to the beta binomial distribution with the integral parameter values.
The biggest and smallest variate values among the sample of observations. Significant in various regions, for instance flood levels of the river, speed of wind and snowfall.
A manufacturing company has two factories F 1 and F 2 producing a certain commodity that is required at three retail outlets M 1 , M 2 and M 3 . Once produced, the commodity is
Genomics is the study of the structure, function and the evolution of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) sequences which comprise the genome of living organisms
The Null Hypothesis - H0: There is no heteroscedasticity i.e. β 1 = 0 The Alternative Hypothesis - H1: There is heteroscedasticity i.e. β 1 0 Reject H0 if |t | > t = 1.96
Banach's match-box problem : The person carries two boxes of matches, one in his left and one in his right pocket. At first they comprise N number of matches each. When the person
Blinder Oaxaca method: A method or technique used for assessing the effect of the role of income on racial wealth gap. The method or technique is based on the decomposition of the
seven questions
How has quantitative analysis changed the current scenario in the management world today?
Pasture trials is the study in which the pastures are subjected to number of treatments (types of forage, animal management systems, agronomic treatments, and many more)The grazin
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