ESTIMATING A PROPORTION

Manufacturing and service companies attempt to deliver the best products or services to their customers. Manufacturing companies expect that 100% of the goods they produce are non-defective. Also, service companies such as courier services expect that 100% of the packagesRead More

THE MODE

The mode is one of the measures of location besides the mean, median, and quartiles. It can be applied to data at nominal scale or higher. Given a set of data at nominal scale or higher, its mode is thatRead More

THE QUARTILES

While the median splits data into two groups with an equal number of data, the quartiles separate them into four groups with an equal number of data. If a set of data has Q1 as its first quartile and Q3Read More