This is the second video in our series reviewing statistical concepts that are fundamental to fair lending analysis.
In the first part of the series, we described a distribution as an approximation of a histogram of data. In this video, we explore how we use our knowledge of distributions in fair lending.
Specifically, we explain why understanding distributions is fundamental to understanding z-scores, p-values and statistical significance.
The next video in the series describes the differences between z-scores and t-scores and how to select the appropriate statistic for analysis.
