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Cambridge Dictionary of Statistics by Brian S.Everitt

Cambridge Dictionary of Statistics by Brian S.Everitt

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Review

“I was continually pleased by the definitions’ accuracy… Even just perusing the dictionary is enjoyable. It will be of great value to anybody involved in editing or refereeing medical publications, since it will immediately clarify any statistical concepts that are unclear. Britain’s Surgery Journal

I anticipate using this book frequently as a medical statistician since I finally understand what Gibbs sampling is all about. Magazine of Anatomy

This dictionary will serve as a crucial resource for anyone working in applied statistics, biostatistics, and all other areas of medicine. Journal of Mathematics

Describe the book

This dictionary, which offers over 2000 concise explanations of statistical terminology prevalent in medical and medical statistics literature, will be a crucial resource for anyone working in applied statistics, biostatistics, and all areas of medicine. There is little use of mathematical formulae.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Cambridge Dictionary of Statistics by Brian S.Everitt

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