Hi good video, especially for people with no statistical background.
I just wanted to clarify one thing: you repeatedly mentioned that about 70% of observations fall into 1 standard deviation. That's not correct, assuming a normal distribution 68% of all observations fall into +/-1 standard deviation from the mean, so actually twice as much.
I really enjoy your content and look forward to the next one!
April 25, 2019 | 5:23 p.m.
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Hi good video, especially for people with no statistical background.
I just wanted to clarify one thing: you repeatedly mentioned that about 70% of observations fall into 1 standard deviation. That's not correct, assuming a normal distribution 68% of all observations fall into +/-1 standard deviation from the mean, so actually twice as much.
I really enjoy your content and look forward to the next one!
April 25, 2019 | 5:23 p.m.