Statistics for Data Science

Data Science Interview Questions for IT Industry Part-1: Statistics

Statistics is a vast subject and no one knows all of it! But there are some bare minimum concepts which you must know as a Data Scientist.

Sampling means choosing random values. A random sample exhibits the properties of the whole population.

Measures of location is a combination of values for a data which can summarise its distribution.

Standard Deviation helps to understand ‘On an average, how far away each data point is from the mean value’