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  2. Biostatistics - Wikipedia

    en.wikipedia.org/wiki/Biostatistics

    Any research in life sciences is proposed to answer a scientific question we might have. To answer this question with a high certainty, we need accurate results. The correct definition of the main hypothesis and the research plan will reduce errors while taking a decision in understanding a phenomenon.

  3. Economies of scale - Wikipedia

    en.wikipedia.org/wiki/Economies_of_scale

    Buyers, in turn, benefit from the lower transaction costs and economies of scale that result from larger volumes. In part as a result, numerous studies have indicated that the procurement volume must be sufficiently high to provide sufficient profits to attract enough suppliers, and provide buyers with enough savings to cover their additional ...

  4. Survival analysis - Wikipedia

    en.wikipedia.org/wiki/Survival_analysis

    The last row, "Score (logrank) test" is the result for the log-rank test, with p=0.011, the same result as the log-rank test, because the log-rank test is a special case of a Cox PH regression. The Likelihood ratio test has better behavior for small sample sizes, so it is generally preferred.

  5. Likelihood-ratio test - Wikipedia

    en.wikipedia.org/wiki/Likelihood-ratio_test

    The likelihood-ratio test, also known as Wilks test, [2] is the oldest of the three classical approaches to hypothesis testing, together with the Lagrange multiplier test and the Wald test. [3] In fact, the latter two can be conceptualized as approximations to the likelihood-ratio test, and are asymptotically equivalent.

  6. Industrial Age - Wikipedia

    en.wikipedia.org/wiki/Industrial_Age

    The Industrial Age is a period of history that encompasses the changes in economic and social organization that began around 1760 in Great Britain and later in other countries, characterized chiefly by the replacement of hand tools with power-driven machines such as the power loom and the steam engine, and by the concentration of industry in ...

  7. Capital (economics) - Wikipedia

    en.wikipedia.org/wiki/Capital_(economics)

    In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. [1] A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a ...

  8. Mechanical advantage - Wikipedia

    en.wikipedia.org/wiki/Mechanical_advantage

    The speed ratio for a pair of meshing gears can be computed from ratio of the radii of the pitch circles and the ratio of the number of teeth on each gear, its gear ratio. Two meshing gears transmit rotational motion. The velocity v of the point of contact on the pitch circles is the same on both gears, and is given by

  9. Productivity - Wikipedia

    en.wikipedia.org/wiki/Productivity

    [citation needed] It is the measure of labour productivity (and all that this measure takes into account) which helps explain the principal economic foundations that are necessary for both economic growth and social development. In general labour productivity is equal to the ratio between a measure of output volume (gross domestic product or ...