Discussion post

The infographic is about sampling distribution, interval estimation, and hypothesis

testing. There are numerous aspects of statistics that help to make the data-driven decision for

any business organization regarding any aspect. In this forum, the discussion will be

regarding the three aspects of the statistics which are as follows: -

Sampling distribution: - It is very important to understand that sampling distribution helps us

to describe the range of potential outcomes, in terms of mean or mode.

Interval estimation: - It does not have any specific value regarding the population parameter

but it helps to identify a proper range of values.

Hypothesis testing: - The particular way of analyzing is when the analyst initiates an

assumption regarding the population parameter and numerous possible outcomes are

generated through the statistical tool. The reason and nature of the data that the hypothesis is

performed must be clear for getting possible outcomes.

 Reference

Jacobi, C., & Furmans, K. (2022). Point and interval estimation of decomposition error in

discrete-time open tandem queues. Operations Research Letters, 50(5), 529-535.

Source: - https://www.sciencedirect.com/science/article/pii/S0167637722000955

Kosakovsky Pond, S. L., Poon, A. F., Velazquez, R., Weaver, S., Hepler, N. L., Murrell,

B., ... & Muse, S. V. (2020). HyPhy 2.5—a customizable platform for evolutionary

hypothesis testing using phylogenies. Molecular biology and evolution, 37(1), 295-

299. Source: - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8204705/

Zhu, B., Jiang, Z., Zhou, X., Li, Z., & Yu, G. (2019). Class-balanced grouping and sampling

for point cloud 3d object detection. arXiv preprint arXiv:1908.09492. Source: -

https://arxiv.org/pdf/1908.09492 ]

Infographic Canva link: - https://www.canva.com/design/DAFerhP0OMI/D2-2fXxSAo_x-

OnYGpdtjw/view?

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