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Simulation for Data Science with R
book

Simulation for Data Science with R

by Matthias Templ
June 2016
Beginner to intermediate
398 pages
8h 51m
English
Packt Publishing
Content preview from Simulation for Data Science with R

Summary

In this chapter, the data scientist approach to probability was shown. Probability concepts was not presented as a mathematical exercise, but some of the most important theorems when working with samples have been shown by simulation: the law of large numbers and the central limit theorem.

The concept of convergence of a mean was shown by tossing a coin. To toss a coin is something very basic in statistics. Think on selecting a person from a sampling frame or not. The Binomial but also the Poisson distribution can be motivated from this. The binomial distribution was shown in this chapter.

Both concepts—the law of large numbers as well as the central limit theorem, lead to confidence intervals, that are—in classical statistics—just a definition. ...

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Publisher Resources

ISBN: 9781785881169