Circular statistics is a specialised subfield of statistics that focuses on analysing data points distributed on a circle. Unlike conventional linear statistics, circular data is characterised by ...

Imagine you're at a fair, and you see a booth with a giant dartboard. The booth owner challenges you to hit the bullseye. You take your shot, and the dart lands somewhere on the board. Now imagine ...

In statistics and financial analysis, a Z score measures how normal any given data point is compared to the average value of the data. Finding Z scores, or standard scores, is relevant to many ...

The Central Limit Theorem is a statistical concept applied to large data distributions. It says that as you randomly sample data from a distribution, the means and standard deviations of the samples ...

What is non-normal data? Normally distributed data is a commonly misunderstood concept in Six Sigma. Some people believe all data collected and used for analysis must be distributed normally. But ...

When business researchers analyze data, they often rely on assumptions to help make sense of what they find. But like anyone else, they can run into a whole lot of trouble if those assumptions turn ...

Over the last few decades, Lean Six Sigma has become an integral part of the world of business. It is one of the most ...