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You're reading from  Hands-On Data Analysis with Pandas - Second Edition

Product typeBook
Published inApr 2021
Reading LevelIntermediate
PublisherPackt
ISBN-139781800563452
Edition2nd Edition
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Stefanie Molin
Stefanie Molin
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Stefanie Molin

Stefanie Molin is a data scientist and software engineer at Bloomberg LP in NYC, tackling tough problems in information security, particularly revolving around anomaly detection, building tools for gathering data, and knowledge sharing. She has extensive experience in data science, designing anomaly detection solutions, and utilizing machine learning in both R and Python in the AdTech and FinTech industries. She holds a B.S. in operations research from Columbia University's Fu Foundation School of Engineering and Applied Science, with minors in economics, and entrepreneurship and innovation. In her free time, she enjoys traveling the world, inventing new recipes, and learning new languages spoken among both people and computers.
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Exercises

Run through the introduction_to_data_analysis.ipynb notebook for a review of this chapter's content, review the python_101.ipynb notebook (if needed), and then complete the following exercises to practice working with JupyterLab and calculating summary statistics in Python:

  1. Explore the JupyterLab interface and look at some of the shortcuts that are available. Don't worry about memorizing them for now (eventually, they will become second nature and save you a lot of time)—just get comfortable using Jupyter Notebooks.
  2. Is all data normally distributed? Explain why or why not.
  3. When would it make more sense to use the median instead of the mean for the measure of center?
  4. Run the code in the first cell of the exercises.ipynb notebook. It will give you a list of 100 values to work with for the rest of the exercises in this chapter. Be sure to treat these values as a sample of the population.
  5. Using the data from exercise 4, calculate the following statistics without importing anything from the statistics module in the standard library (https://docs.python.org/3/library/statistics.html), and then confirm your results match up to those that are obtained when using the statistics module (where possible):

    a) Mean

    b) Median

    c) Mode (hint: check out the Counter class in the collections module of the standard library at https://docs.python.org/3/library/collections.html#collections.Counter)

    d) Sample variance

    e) Sample standard deviation

  6. Using the data from exercise 4, calculate the following statistics using the functions in the statistics module where appropriate:

    a) Range

    b) Coefficient of variation

    c) Interquartile range

    d) Quartile coefficient of dispersion

  7. Scale the data created in exercise 4 using the following strategies:

    a) Min-max scaling (normalizing)

    b) Standardizing

  8. Using the scaled data from exercise 7, calculate the following:

    a) The covariance between the standardized and normalized data

    b) The Pearson correlation coefficient between the standardized and normalized data (this is actually 1, but due to rounding along the way, the result will be slightly less)

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Author (1)

author image
Stefanie Molin

Stefanie Molin is a data scientist and software engineer at Bloomberg LP in NYC, tackling tough problems in information security, particularly revolving around anomaly detection, building tools for gathering data, and knowledge sharing. She has extensive experience in data science, designing anomaly detection solutions, and utilizing machine learning in both R and Python in the AdTech and FinTech industries. She holds a B.S. in operations research from Columbia University's Fu Foundation School of Engineering and Applied Science, with minors in economics, and entrepreneurship and innovation. In her free time, she enjoys traveling the world, inventing new recipes, and learning new languages spoken among both people and computers.
Read more about Stefanie Molin