A sound grasp of basic statistical concepts is essential to have any hope of acquiring the mindset of a statistical thinker and to be able to use statistical methods. My introductory course “The 6 Concepts of Statistical Thinking” lays the foundations in the following.
- Probability – the difference between conditional & absolute probability.
- Risk – why it is an extension of probability and the importance of alpha (false positive) and beta (false negative) risk.
- Expectation – how to summarise a dataset into one number which measures its location.
- Variance – how to measure the spread of a dataset.
- Distribution – how to describe the shape of a dataset.
- Correlation – how to measure the relationship between two variables and understand the two golden rules of correlation.
[Read more…] about Stats Training Materials – Basic Statistical Concepts
