What is Probability? Probability measures how likely it is for an event to occur. For example, determining the chance of a coin landing on heads

In your previous lessons, you’ve learned about central tendency, dispersion, and types of data. These are all crucial tools, but today we’re going to talk

1. Qualitative Data (Categorical Data) 1.1 Nominal Data Examples: Discussion: Nominal data is crucial for classification and segmentation. In marketing, understanding brand preferences helps in

Measures of dispersion, also known as measures of variability, describe how spread out the data points are in a dataset. While measures of central tendency