In statistical analysis, the t-test is a common method used to determine if there is a significant difference between the means of two independent groups. The t-test results in a t-score, which measures the difference between the two means relative to the variability of the data. However, to determine the significance of the observed difference,…
Percentiles are statistical measures that help to understand the distribution of data. They divide a dataset into 100 equal parts, each part representing one percentile. The value of a given percentile is the value below which a certain percentage of observations falls. For instance, the 50th percentile is the median, the value below which 50%…
Curve fitting is a statistical method used to establish a mathematical relationship between a set of data points and a continuous function. The goal is to find the best-fitting curve that approximates the data, allowing for predictions and analysis of trends. In this article, we will explore the concept of curve fitting, its underlying statistical…