probability

Luck and Statistics: Do You Feel Lucky, Punk?

Clint Eastwood asking the punk if he was lucky. — Do you feel lucky, Punk?

Luck, statistics, and probabilities go together hand-in-hand. Clint Eastwood, playing Dirty Harry, famously asked a bad guy who was about to reach for his rifle whether he felt lucky. I’m quite sure that the crook carefully pondered the nature of luck, probabilities, and expected outcomes before deciding not to grab his rifle!

A while ago, I did something shocking . . . something that I hadn’t done for several decades. Just like the thief in the Dirty Harry movie, I started thinking about luck. Yes, you guessed it: I bought a lottery ticket for the record-breaking Mega Millions Jackpot. This purchase is shocking for someone like me who knows statistics and is fully aware of how unlikely it is to win. Did I feel lucky? Or was I just a punk? [Read more…] about Luck and Statistics: Do You Feel Lucky, Punk?

Normal Distribution in Statistics

By Jim Frost 68 Comments

The normal distribution is the most important probability distribution in statistics because it fits many natural phenomena. For example, heights, blood pressure, measurement error, and IQ scores follow the normal distribution. It is also known as the Gaussian distribution and the bell curve.

The normal distribution is a probability function that describes how the values of a variable are distributed. It is a symmetric distribution where most of the observations cluster around the central peak and the probabilities for values further away from the mean taper off equally in both directions. Extreme values in both tails of the distribution are similarly unlikely.

In this blog post, you’ll learn how to use the normal distribution, its parameters, and how to calculate Z-scores to standardize your data and find probabilities. [Read more…] about Normal Distribution in Statistics

Understanding Probability Distributions

By Jim Frost 23 Comments

A probability distribution is a function that describes the likelihood of obtaining the possible values that a random variable can assume. In other words, the values of the variable vary based on the underlying probability distribution.

Suppose you draw a random sample and measure the heights of the subjects. As you measure heights, you can create a distribution of heights. This type of distribution is useful when you need to know which outcomes are most likely, the spread of potential values, and the likelihood of different results.

In this blog post, you’ll learn about probability distributions for both discrete and continuous variables. I’ll show you how they work and examples of how to use them. [Read more…] about Understanding Probability Distributions

Maximize the Value of Your Binary Data with the Binomial and Other Probability Distributions

By Jim Frost 3 Comments

Binary data occur when you can place an observation into only two categories. It tells you that an event occurred or that an item has a particular characteristic. For instance, an inspection process produces binary pass/fail results. Or, when a customer enters a store, there are two possible outcomes—sale or no sale. In this post, I show you how to use the binomial, geometric, negative binomial, and the hypergeometric distributions to glean more information from your binary data. [Read more…] about Maximize the Value of Your Binary Data with the Binomial and Other Probability Distributions

How t-Tests Work: t-Values, t-Distributions, and Probabilities

By Jim Frost 5 Comments

T-tests are statistical hypothesis tests that you use to analyze one or two sample means. Depending on the t-test that you use, you can compare a sample mean to a hypothesized value, the means of two independent samples, or the difference between paired samples. In this post, I show you how t-tests use t-values and t-distributions to calculate probabilities and test hypotheses.

As usual, I’ll provide clear explanations of t-values and t-distributions using concepts and graphs rather than formulas! If you need a primer on the basics, read my hypothesis testing overview. [Read more…] about How t-Tests Work: t-Values, t-Distributions, and Probabilities