Python Basic Statistical Analysis

The video tutorial demonstrates how to use Python for basic statistical functions on data sets. It begins with setting up an IPython Notebook and creating a random data set. The tutorial covers sorting the data and performing basic statistical operations like finding the maximum, minimum, and average. It introduces a custom function for calculating the average and shows how to count elements below a certain threshold. The video also highlights the use of the NumPy package for more advanced statistical functions, such as mean, standard deviation, and median.

What is the difference between using the built-in functions and the numpy package for statistical calculations?

How do you print the mean of the data set using numpy?

What statistical functions can be performed using the numpy package as mentioned in the text?