Category: Data Science

Central Limit Theorem

The central limit theorem (CLT) is the foundation of statistics. Just by collecting a subset of data from a population and using statistics, we can draw conclusions about that population. CLT says that mean of the sampling distribution of the sample means is equal to the population mean irrespective of the distribution…

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A/B Testing

A/B testing is a basic randomized control experiment. It is a way to compare the two versions of a variable to find out which performs better in a controlled environment.  A/B testing is also known as bucket testing or split-run testing Suppose we want to add some functionalities to an existing product. A/B testing…

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