ABSAS Solutions Fireman and Safety Interview Questions and Answers

Central Limit Theorem states that the sampling distribution of the sample means approaches a normal distribution as the sample size increases.

• It is a statistical theory that explains the behavior of sample means.

• It states that the mean of a large number of independent and identically distributed random variables will be approximately normally distributed.

• It is widely used in hypothesis testing and confidence interval e...read more

Correlation measures the strength of a linear relationship between two variables, while regression predicts the value of one variable based on the value of another.

• Correlation measures the degree of association between two variables.

• Regression predicts the value of one variable based on the value of another.

• Correlation does not imply causation.

• Regression can be used to identify the relationship between variables and ma...read more

Poisson Distribution is used for count data while Gumbel Distribution is used for extreme value analysis.

• Poisson Distribution models the number of occurrences of an event in a fixed interval of time or space.

• Gumbel Distribution models the maximum or minimum value from a large set of data.

• Poisson Distribution has a discrete probability distribution while Gumbel Distribution has a continuous probability distribution.

• Pois...read more