All Stories published by Statistical Guess on January 12, 2019
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Central Limit Theorem & Law of Large Numbers

Refer to article: Central Limit Theorem and Law of Large Numbers

The Central Limit Theorem is about the SHAPE of the distribution.
The Law of Large Numbers tells us where the CENTRE (maximum point) of the bell is located.


T Test (t statistics)

Refer to article: Understanding t-Tests: t-values and t-distributions

T-tests are all based on t-values
T-values are an example of what statisticians call Test statistics. A test statistic is a standardized value that is calculated from sample data during a…