5 self management skills to get success

We all want success. We all dream to be big and be celebrities like Bill Gates, Steve Jobs, or like a successful actor or any other successful person in this world. Life is only for today not for tomorrow. Thus live life-like it will not come tomorrow. You may achieve all the success in life with self management. Let us discuss them one by one:

1.       Do not sit but move and fly: It is always good to fly. By sitting only you will never achieve anything. There is a famous saying that risk never taken is the biggest risk. Analyze your strengths, try to increase them by constant practice and hard work.  But remember do whatever you feel without harming anyone.

2.       Be the self-leader of your life: Do not always seek other advice. It is good have advice but apply your thinking also. Try to do experiments, what may maximum happens, you may not win but at least you have tried. Do not allow others to be your leaders always.

3.       Accept Challenges: Remember life is not enjoyable without challenges. One has to accept challenges for growth.  If the target is difficult, go step by step. One never directly goes to Olympics without participating in many other national and international events.

4.       Plan the things: Planning is utmost necessary to achieve a minor to major targets. Without planning one is almost certain not to achieve success.

5.       Learn from mistakes and success: There is always learning experience from mistakes and success. Mistakes are bound to happen when you will try for something. If you are not trying, you will not get anything. That is you have to try to achieve. Do not let failures to give you negative energy and do not let the success to dominate you.

These are the five basics self management skills to achieve success.

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Null hypothesis and Alternative hypothesis

Let us discuss the difference between null and alternative hypothesis:

Null hypothesis

The hypothesis we want to test or a hypothesis of no difference is called null hypothesis. It is denoted by Ho. for example if we want to test that the population mean is equal to 400, we can write HO: µ : 400 and we read it as “ the null hypothesis is that the population mean is equal to 400.

1)      Null hypothesis is expressed in equality like HO: µ = µO Continue reading

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Meaning, testing and types of hypothesis

Meaning of hypothesis:

It is a quantitative statement about population. It is some assumption or statement which may or may not be true about a population, which we want to test on the basis of evidence of random sample.

Testing  of hypothesis:

There is an element of risk of taking wrong decisions at the time of taking of decision. For example when a company launched a new product then they are interested to find out that it is going to be a big product in the market or not. It is here the modern theory of probability play an important role in decision-making which helps in arriving at a particular decision which is known as a testing of hypothesis. The theory of testing of hypothesis was initiated by J. Neyman and E. S. Pearson.  They use statistical techniques to arrive at a particular decision; in this sample size is fixed in advance.

There is another technique derived by Abhram Wald called Sequential Testing in which sample size is not fixed.

Types of hypothesis:

There are 2 types of hypothesis:

a)      Simple hypothesis

b)      Composite hypothesis

  If the hypothesis completely specifies the population then it is simple otherwise it is composite.

I hope you understood the meaning, testing and types of hypothesis.

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Properties and importance of normal distribution

Meaning of Normal distribution or law of error

Binomial and passion distribution are discrete probability distribution. But normal probability distribution commonly called normal distribution. It is theoretical distribution for the continuous variable. The normal distribution was first discovered by English mathematician De Moivre in 1733.later it was rediscovered by Karl Gauss in 1809 and in 1812 by Laplace. Normal distribution is also called Gaussian distribution or Gaussian law of error as this theory describes the accidental error of measurements. Continue reading

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Types of sampling

Sampling is mainly divided into two types; probability or random sampling and non probability or non random sampling. In other words, Sampling methods are broadly classified into probability or random sampling and non probability or non random sampling. Let us discuss them one by one:

1)      Probability or random sampling: Under the probability or random sampling, each and every unit of the universe has an equal chance of being selected. It is the best technique based on the law of statistical regularity. Continue reading

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Types of errors in statistics

Errors in statistics or any statistical investigation can be broadly classified in two types:

a)      Sampling errors and b) non sampling errors

a)      Sampling errors: Even after taking care in selecting sample, there may be chances that true value is not equal to the observed value because estimation is based upon a part of the population not on the whole. Hence sampling give rise to certain errors known as sampling errors. Continue reading

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Error in Statistics and its reasons

Definition Error in Statistics:

Error in statistics means the difference between true value and the estimated value. It is different from the mistakes which may be done while making calculations or observations. Continue reading

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