Author name: arymalabs@dmin

In statistics, especially inferential statistics, the corner stone paradigm is that of sample-population. We most often don’t have the population details. We hence try to infer things about the population through the sample. For e.g. Population parameter is estimated through sample statistic. ▪ What is Bootstrapping? Bootstrapping simply put is a method of repeated sampling […]

Gentle Reminder : A high t statistic does not indicate strong relationship of IVs with the DV. Just the other day, I saw a post (again) stating that a t statistic indicates strength of relationship of IVs to DVs. So here is a gentle reminder (sharing it again). The high t statistic here does not

Are you confused about the meaning of ‘statistic’ in statistics? You’re not alone. Many blogs and posts on the internet use the term loosely. In statistics, a statistic is defined at a sample level, whereas a parameter is defined at a population level. To estimate the parameter, we use a statistic. One of the mental