Quantitative Analysis
Mastering Common Univariate Random Variables: The Art of Choosing the Right Distribution
Learn how to identify the right probability distribution for any problem. Understand key properties, relationships, and real-world applications of Normal, Binomial, Poisson, Beta, and other distributions.
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Quantitative Analysis
Balancing Test Size (Alpha) with Type I and II Errors in Hypothesis Testing
Learn how to choose the right significance level (alpha) in hypothesis testing. Understand Type I and Type II errors, when to use smaller alphas, and how to balance statistical power and risk.
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