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Random allocation is a technique for creating the treatment and control groups particularly in accordance of the clinical trial. Subjects receive the active treatment or the placebo on the basis of the outcome of a chance event, for instance, tossing a coin. The method gives an impartial procedure for the allocation of treatments to the individuals, free from the personal biases, and ensures a firm footing for application of significance tests and most of the rest of the statistical methodology likely to be taken in use. Additionally the technique distributes the effects of concomitant variables, observed and unobserved both, in a statistically acceptable fashion.
It is the art of attempting to exchange something quite small and certain, for something which are large and uncertain. Gambling is big business; in the US, for instance, it is at
The problematic and enigmatic theory of an inference introduced by the Fisher, which extracts a probability distribution for the parameter on the basis of the data without having f
Kappa coefficient : The chance corrected index of the agreement between, for instance, judgements and diagnoses made by the two raters. Calculated as the ratio of the noticed exces
Median absolute deviation (MAD) : It is the very robust estimator of the scale given by the following equation or, in other words we can say that, the median of the absolute
Difference between tretment design and experimental design
The act of combining data from heterogeneous sources with the intent of extracting information that would not be available for any single source in isolation. An example is the com
Briefly explain the importance of forecasting for managers?
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
Martingale: In the gambling context the term at first referred to a system for recouping losses by doubling the stake after each loss has occured. The modern mathematical concept
Procedures for estimating the probability distributions without supposing any particular functional form. Constructing the histogram is perhaps the easiest example of such type of
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