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The importance of statistical tests – statistical significance and confidence interval

When you start doing more serious research, you will need to conduct a statistical test. It helps you to determine whether your hypothesis is significant or can be rejected. If you start browsing for statistical analyses online, you will find a large number of possible tests that can be chosen depending on your task. In this post, let us focus on a simple example of statistical analysis that would allow us to understand what is statistical significance and what is confidence interval. Building a test scenario To understand the matter, let’s use some random data which is distributed normally. For this, we can use 100 casual observations of the price tag for the new Nokia 3310 from different sources. The average price is around 50€ with a standard deviation of 10€ Now let’s plot how those samples are distributed along with the standard distribution graph:

eSports Poised to Surpass $1 Billion Revenue Mark as Upward Climb Continues

As a newer form of both professional-level entertainment and competition, eSports are often underestimated. Especially the case with those unfamiliar with the gaming industry, those on the outside often display shock at finding the occasional game even been shown on major television channels, and this popularity is only growing. While in some countries, like South Korea, major eSports tournaments (먹튀검증) have long-held national recognition and acclaim, it is only just now that the rest of the world is following suit. So, just how large has this industry become, and how do we know it is more than just a flash in the pan? Breaking billions A recent report from market research firm Newzoo has revealed that current trends predict 2019 eSports revenue streams to reach $1.1 billion. Having already cashed in $865.1 million in 2018, this would mark a 27.1% increase in a single year of growth. Accounting for this rapid growth, in terms of player engagement, is the increasing familiarity with the younger generations with digital gaming. Those of us now in our 30s have grown up with gaming as a major part of our entertainment and social lives, driving us to higher levels of engagement than any who…

Do Smart Homes and AI go Together?

Artificial Intelligence (AI) and smart homes are two hot topics in the digital world. Smart homes are causing groundbreaking benefits in home automation. AI is also being used in all kinds of industries to hasten and improve different types of processes. These inventions are changing the areas they operate in. But, will they work together? What are Smart Homes? A smart home consists of the many smart devices owned by someone. These devices use the Internet of Things (IoT) to communicate with each other. Because of IoT, you can track, monitor, and control a smart home product as long as you have an internet connection. According to a study done by safeatlast.co, 76% of all smart home products in America are controlled remotely through smartphones. What is Artificial Intelligence? AI is the technology that lends human characteristics to computers. It is used to help computers process information, anticipate, and react as humans would. A device with AI will learn through the information received. It will also learn through experience. Devices with AI will even show creativity in some cases. Devices equipped with AI can better themselves without outside interference. This technology helps to speed up the processes it’s ordered to…

4 innovations revolutionizing the cardiovascular disease treatment in the US

The US has a severe problem with heart disease. In 2016 alone, the American Heart Association reported that cardiovascular disease (CVD) cost the US over $500 billion. A really cool infographic from Digital Authority Partners suggests that by 2035, it will cost the US nearly $750 billion. Furthermore, Simon Stertzer, M.D., a leading professor at Stanford University School of Medicine, estimates there are about 92 million American adults that are living with some form of CVD. These factors have seen medical organizations across the country working to find solutions to this ever-growing problem. There is still some time to go until they are ready, but the early signs show that this epidemic can be controlled. Here are some methods that will shape the future of cardiovascular treatment.

IoT Technology And The Future Of The Construction Zone

As the construction industry continues to develop, the need for highly advanced technologies becomes necessary. Let’s not forget that the population continues to grow as well, and the increase in urbanization also requires new infrastructures, such as business establishments and homes to be built. There aren’t any signs that the industry would slow down in the next couple of years. As a matter of fact, if you’re going to pass by a construction site, the first thing that you’ll notice is how busy this place can be– hundreds of construction workers and contractors working on a building. Interestingly, it still operates in much the same way it did a few decades back. The issue with this is that it can be challenging for supervisors to determine who is on-site or even communicate safely and effectively. This is where technology steps in. Building a Smarter and Safer Jobsite with Technology As the IoT technology becomes more widely used, it’s also having a more significant impact on how people work and live. We have reached the point that people would want to get the information they need almost instantly, and as more and smarter devices become connected to each other, it’s also…

Get in to makers world with Elegoo Mega 2560 Project The Most Complete Ultimate Starter Kit

If you are just a beginner in electronics or just started learning Arduino – it is easy to get lost among hundreds of boards, electronics parts, and tutorials. You may already have an Arduino board to play with but still feel that there is no fun in learning as you need to search for suitable external parts and look for guides on how to solve specific problems. We can all agree that learning new things in a systematic and organized way gives maximum benefit. One of the easiest ways of learning electronics and programming microcontrollers is to start with Arduino. It is an open-source board that comes along with the development platform (IDE), where you can start writing and executing programs right away. Despite its simple look, Arduino is a very powerful microcomputer capable of performing different complex tasks. It may read a wide range of sensors, process data, and output results to displays and LEDs, run motors and servos. The limit is only your imagination. The maker communities on the internet already have built millions of projects around Arduino. There are many types of Arduino boards available for different purposes. They come in various sizes featuring different processors and…

How The Blockchain Will Impact UX and UI Design

Over time, the blockchain has become an integral part of the new and upcoming technologies. Every kind of industry is now looking at ways in which it can adopt blockchain as part of its future growth. The benefits that come with the infrastructure include speed, data transparency, increased functionality, and many others. Despite these advantages, the design of the infrastructure is still basic. The near future will thus see a lot of improvements in the infrastructure, particularly in the design realm. The blockchain will definitely have a huge impact on the platform that depends on it as it grows. Stakeholders in the industry who want to create their products with the blockchain in mind must think of ways in which they can change their designs in order to find consonance with the blockchain. Among the issues that designers will have to consider in terms of UI/UX design, the following are the most critical:

New Achievements of Solar Energy That Will Determine Its Future

A person is always surrounded by mysterious and unusual phenomena of nature, which he tries to unravel by discovering new facts for his scientific activities. Already proven laws of nature give impetus to new and new discoveries. Therefore, today solar energy is the most developed area in the field of alternative energy sources. People from ancient times used the light and heat of the sun, thinking about new ways to use its properties. Modern scientists have reached unprecedented heights in this area due to unique technologies. For example, here you can find out more about https://www.bestadvisor.com/solar-lights. Why Does Solar Energy Determine the Future? The rapid growth of the global economy, in particular, the rise of China and India, proportionally increases the need for energy. According to forecasts, by 2030, the figure will grow by at least 50%. At the same time, hydrocarbon reserves are being depleted – oil, coal, shale, and natural gas are a non-renewable natural resources, as they have been accumulating for millions of years. All this makes humanity look for new sources of energy. One of the most promising is the energy of the sun. Our star is an inexhaustible, cheap, and environmentally friendly energy source. It…

Five benefits of using a CMMS

Managing a production plant can be very challenging, complicated, and time-consuming for those who still use paper and manual repositories to control inventories and maintenance actions. In this article, we will discuss the advantages of having a Computerized Maintenance Management System (CMMS). There are many problems in those companies that still carry everything according to old methods of pencil and paper: – Uncountable possibilities of human errors.– Difficulty sharing information with many people.– Following the trail of compliance with tasks is very difficult.– The writing can be confusing when several professionals work in the same job.– When several collaborators exist, the papers may go astray.– Without technology, coordinating activities in large maintenance projects can be very disorganized and inaccurate.Having a Computerized Maintenance Management System or CMMS optimizes the work, allows effective monitoring, solves problems that occur in the day-to-day, organizes activities appropriately, and more. Here are five ways in which this system can help you automate your documentation and achieve goals in the shortest possible time:

Top 5 Most Popular Mobile App Payment Gateways

Secure and dependable payment is crucial when it comes to running an ecommerce business. Both customers and business owners want to be sure the deal will go through safely and quickly. Luckily, the payment gateway solutions market has dozens of options to offer. In this post, we’ll go through the five most popular gateway payment tools with mobile SDKs so that you can make up your mind as to which of those you should use for your business. 1. PayPal The list of payment getaways starts with PayPal. For dozens of years, it’s been a top solution in online payments. There’s a reason for such comprehensive support – PayPal covers 190 countries, with 26 currencies and five credit card types. The gateway offers a range of services for both personal and business use.