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data-and-sampling-distributions.md

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@@ -32,4 +32,14 @@ Bootstrap can be used with multivariate data, where rows are samples as units. A
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## Confidence Intervals
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- A way to understanc potential error in a sample estimate.
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- Confidence Level: The percentage of confidence intervals, constructed in the same way from the same population, that are expected to contain the statistic of interest.
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- C.I gives us a way to present an estimate not as a single number but as a range.
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- An x% confidence interval around a sample estimate should on averge contain similar sample estimates x% of the time (when similar sampling procdeure is followed).
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## Normal Distribution / Gaussian Distribution.
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- Bell shaped distribution.
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- Error: Difference between a data point and a predicted or average value.
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- Standardize: Subtract the mean and divide by the standard deviation.
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- z-score: The result of standardizing an individual data point
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- Standard Normal: A normal distribution with mean = 0 and standard deviation = 1.
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- QQ plot: A plot to visualize how close a sample distribution is to a specified distribution, e.g. to the normal distribution.

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