Select Page

Population Variance

Population variance is the average of the squared deviation of each individual data point from the population mean for all values of an entire group. The simplest estimators for population mean and population variance are simply the mean and variance of the sample,...

Population Parameter

A population parameter is a numerical value representing a specific population characteristic. In statistics, understanding them is crucial for various applications, from scientific research to policy development. These parameters help researchers make inferences...

Polynomial Model

What are the real uses of polynomials in real life? To predict and estimate the response shapes over a variety of input parameters, we use polynomial modeling. This model is a powerful tool to determine which input factors are driving responses and in which...

Poka-Yoke or “Mistake Proofing”

Poka-yoke (ポカヨケ) is a Japanese term that means “mistake-proofing” or “inadvertent error prevention”. A poka-yoke (mistake proofing) is any mechanism in a process that helps an equipment operator avoid (yokeru) mistakes (poka) defects by...

Poisson Distribution

The Poisson distribution is a way to predict how likely it is that a certain number of events will happen in a specific amount of time or space. These events need to happen randomly and independently, and on average, they occur at a steady rate. For example,...
Secret Link