Sample Variance

Sample Variance

Sample variance is a statistical measure that describes the spread of data within a sample. It is one of the most commonly used measures of variability in statistics and is used to calculate the degree to which individual data points vary from the sample mean.

In this article, we will provide a comprehensive overview of sample variance, including its definition, formula, properties, and applications. We will also discuss the advantages and disadvantages of using sample variance, as well as common pitfalls that can occur when interpreting its results.

Population and Sample - Business Analytics

Population and Sample - Business Analytics 

In the field of business analytics, understanding the concepts of population and sample is crucial when analyzing data. These concepts allow us to generalize findings from a sample to the larger population, making it possible to draw inferences about a population based on a subset of its members. In this article, we will explore the importance of population and sample in business analytics and discuss some key concepts related to them.

What is Population in Business Analytics?