Appendix A. Basic Statistics
Appendix Objectives
By the end of this appendix, you should be familiar with
• The difference between descriptive and inferential statistics
• How to calculate common measures of central tendency and dispersion
• The process of regression
• The basic premises and statistics related to MPT
Appendix Summary
Probability and Statistics
If two events are independent then the outcome of the first event does not affect the probability of the outcome for the second event. Descriptive statistics characterize data in a shorthand manner, whereas inferential statistics tries to infer various statements about data based on observed outcomes or assumptions about outcomes.
Descriptive Statistics
Measures of central tendency describe ...
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