Posts by Michael Parker
Scatter Plot Using SigmaXL
What is a Scatter Plot A scatter plot is a diagram to present the relationship between two variables of a data set. It consists of a set of data points set on two axis. On the scatter plot, a single observation is presented by a data point with its horizontal position equal to the value of…
Read MorePareto Analysis with SigmaXL
Pareto Principle The Pareto principle is an observation not a law. Named after Italian economist Vilfredo Pareto, this principle states that for a variety of situations, 80% of consequences come from 20% of the causes, thus the Pareto principle is also known as the 80/20 rule. The 80/20 rule basically reminds us that the comparison of…
Read MoreMood’s Median Test with SigmaXL
What is Mood’s Median Test? Mood’s median test is a statistical test to compare the medians of two or more populations. Null Hypothesis (H0): η1 = … = ηk Alternative Hypothesis (Ha): At least one of the medians is different from the others The symbol k is the number of groups of our interest and…
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