analytical statistician Interview Questions and Answers
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What is the difference between descriptive and inferential statistics?
- Answer: Descriptive statistics summarizes and describes the main features of a dataset, using measures like mean, median, mode, and standard deviation. Inferential statistics uses sample data to make inferences about a larger population, employing techniques like hypothesis testing and confidence intervals.
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Explain the central limit theorem.
- Answer: The central limit theorem states that the distribution of the sample means approaches a normal distribution as the sample size gets larger, regardless of the shape of the population distribution. This is crucial for statistical inference as it allows us to use normal distribution-based methods even when the population distribution is unknown.
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What are the assumptions of linear regression?
- Answer: Linear regression assumes linearity, independence of errors, homoscedasticity (constant variance of errors), normality of errors, and no multicollinearity (low correlation between predictor variables).
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How do you handle missing data?
- Answer: Methods for handling missing data include deletion (listwise or pairwise), imputation (mean, median, mode imputation, regression imputation, k-nearest neighbors), and maximum likelihood estimation. The best approach depends on the type of missing data (MCAR, MAR, MNAR) and the amount of missing data.
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Explain the difference between Type I and Type II errors.
- Answer: A Type I error (false positive) occurs when we reject a true null hypothesis. A Type II error (false negative) occurs when we fail to reject a false null hypothesis. The significance level (alpha) controls the probability of a Type I error, while the power of a test (1-beta) controls the probability of avoiding a Type II error.
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What is p-value?
- Answer: The p-value is the probability of observing results as extreme as, or more extreme than, the results actually obtained, assuming the null hypothesis is true. A small p-value (typically below a significance level like 0.05) provides evidence against the null hypothesis.
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What is a confidence interval?
- Answer: A confidence interval is a range of values that is likely to contain the true population parameter with a certain level of confidence (e.g., 95%). It provides a measure of uncertainty around the point estimate.
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Explain the difference between correlation and causation.
- Answer: Correlation measures the association between two variables, while causation implies that one variable directly influences the other. Correlation does not imply causation; two variables can be correlated without one causing the other (e.g., ice cream sales and drowning incidents are correlated, but one doesn't cause the other).
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What are some common statistical software packages you're familiar with?
- Answer: R, Python (with libraries like pandas, NumPy, scikit-learn), SAS, SPSS, Stata.
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