Fundamentals of Predictive Analytics with JMP, Second Edition

Chapter 2: Statistics Review

Introduction

Fundamental Concepts 1 and 2

FC1: Always Take a Random and Representative Sample

FC2: Remember That Statistics Is Not an Exact Science

Fundamental Concept 3: Understand a Z-Score

Fundamental Concept 4

FC4: Understand the Central Limit Theorem

Learn from an Example

Fundamental Concept 5

Understand One-Sample Hypothesis Testing

Consider p-Values

Fundamental Concept 6:

Understand That Few Approaches/Techniques Are Correct—Many Are Wrong

Three Possible Outcomes When You Choose a Technique

Introduction

Regardless of the academic field of study—business, psychology, or sociology—the first applied statistics course introduces the following statistical foundation topics:

●   descriptive statistics

●   probability ...