Statistical Methods
Statistical Methods
Statistical Methods
A set of data is said to be continuous if the values belonging to the set can
take on any value within a finite or infinite interval. This data gathered
through measurement like heights of plants, weights of plants, flowering time,
etc. Continuous data continues on and on and on , at least that’s how I think
about it. These are data that can be broken into smaller and smaller units
weight can be infinitely measured using precision equipment and does not
have to stop at three meters.
Nominal vs. Ordinal data
Nominal values or observations can be assigned a code in
the form of a number where the numbers are simply
labels. You can count but not order or measure nominal
data. Example-sex, and eye colour.
• The kurtosis statistic measures the thickness of the tail ends of the distribution in relation to
the tails of the normal distribution.
• Distributions with large kurtosis exhibits tail data exceeding the tails of the normal
distribution(e.g., 5 or more standard deviations from the mean).
• Distributions with low kurtosis exhibits tail data that is generally less extreme than the tails of
the normal distribution.
• The normal distribution has a kurtosis of three, which indicates the distribution has neither fat
nor thin tails.
• If an observed distribution has a kurtosis greater than 3, the distribution is said to have heavy
tails when compared to the normal distribution. If the distribution has a kurtosis of less than 3,
it is said to have thin tails when compared to the normal distribution. This phenomenon is
known as kurtosis risk.
Types of kurtosis