🔢 Unit VII: STATISTICS AND PROBABILITY
Mean (Direct Method)
Description: Standard method to find arithmetic mean.
Mode of Grouped Data
Description: Where l is lower limit of modal class, f1 is freq of modal class, etc.
Median of Grouped Data
Description: Where cf is cumulative frequency of class preceding the median class.
Empirical Relationship
Description: Relation between mean, median, and mode.
Theoretical Probability
Description: Basic definition of probability.
Complementary Events
Description: The sum of probabilities of an event and its complement is always 1.
Impossible & Sure Events
Description: Range of probability is always between 0 and 1 inclusive.