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Key Statistical Concepts in Data Science

A compilation of some must-know statistical concepts

If you are working with data, often you might have come across terms like “tests”, “scores”, “values”, etc. preceded by alphabets like ‘F’, ‘P’, ‘R’, ‘T’, ‘Z’, etc. This article is about a layman-explanation of a few of such statistical terms/concepts, often encountered in the world of Data Science.