While Excel is useful for many applications, it is an indispensable tool for those managing statistics. Two common terms used in statistics are Standard Deviation and ...

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The T-Value is a common statistical calculation with a very wide range of applications. In the business world, it can help in making educated financial predictions and projections. For example, a ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

When you have the average production of three machines, it is easy to calculate the average or mean production. You just add up the three means and divide by three. But what if I want the average ...

An ELISA test should always be performed in replicates (duplicates or triplicates) so as to achieve enough number of samples to calculate the standard deviation and ...