Posts Tagged ‘Analyze Phase’

What is the Two Sample Proportion Test? The two sample proportion test is a hypothesis test to compare the proportions of one certain event occurring in two populations following the binomial distribution. Null Hypothesis(H0): p1 = p2 Alternative Hypothesis(Ha): p1 ≠ p2 Two Sample Proportion Test Assumptions The sample data drawn from the populations of…

What is Central Limit Theorem? The Central Limit Theorem is one of the fundamental theorems of probability theory. It states a condition under which the mean of a large number of independent and identically-distributed random variables, each of which has a finite mean and variance, would be approximately normally distributed. Let us assume Y1, Y2…

What is Multi-Vari Analysis? Multi-vari analysis is a graphic-driven method to analyze the effects of categorical inputs on a continuous output. It studies how the variation in the output changes across different inputs and helps us quantitatively determine the major source of variability in the output. Multi-vari charts are used to visualize the source of…

Chi Square (Contingency Tables) We have looked at hypothesis tests to analyze the proportion of one population vs. a specified value, and the proportions of two populations, but what do we do if we want to analyze more than two populations? A chi-square test is a hypothesis test in which the sampling distribution of the…

What is Two Sample t Test? Two sample t test is a hypothesis test to study whether there is a statistically significant difference between the means of two populations. Null Hypothesis (H0): μ1 = μ2 Alternative Hypothesis Ha) : μ1 ≠ μ2 Where: μ1 is the mean of one population and μ2 is the mean of…

What is One Way ANOVA? One way ANOVA is a statistical method to compare means of two or more populations. Null Hypothesis(H0):): μ1 = μ2 …= μk Alternative Hypothesis(Ha): At least one μi is different, where i is any value from 1 to k It is a generalized form of the two sample t-test since…