In this video, we will learn about Central Limit Theorem also known as CLT. This is a very important concept from the interview point of view as well as it has many applications while analysing a dataset.
Different types of distribution that a variable can follow are:
- Bernoulli Distribution
- Poisson Distribution
- Normal/Gaussian Distribution
- Binomial Distribution
Many real life situation follows normal distribution like volatility in the stock market, birth weight, heights, blood pressure. In a normal distribution the three main central tendencies that is mean, mode and median all three are equal.
Standard normal form of a normal distribution is a normal distribution with mean equal to zero and the standard deviation is equal to 1, which is obtained by Z - transform value.
Central limit theorem Formula:
https://www.geeksforgeeks.org/central-limit-theorem-formula/
Python – Central Limit Theorem
https://www.geeksforgeeks.org/python-central-limit-theorem/