As the degrees of freedom increase, the t distribution approaches the "normal distribution".
<h3>
What is normal distribution?</h3>
For independent, random variables, the normal distribution, often referred as the Gaussian distribution, represents the most significant probability distribution in statistics. Most people are familiar with the bell-shaped curve found in statistical reports.
Some key features regarding the normal distribution are-
- A normal distribution is a probability distribution that is symmetrical around the mean, with most observations clustering around the central peak and probabilities tapering off equally in both directions.
- Data points in both distribution tails are similarly uncommon.
- Whereas the normal distribution appears symmetrical, it is not the only symmetrical distribution.
- The Student's t, Cauchy, & logistic distributions, for example, are symmetric.
- The normal distribution, like any other probability distribution, defines the how values of a variable is distributed.
- Because it accurately captures the range of values for many natural occurrences, it's the most essential probability distribution in statistics.
To know more about the normal distribution, here
brainly.com/question/23418254
#SPJ4
The Latitudes of Russia is 60
<span>Marbury v. <span>Madison
Hope that helps!
</span></span>
Answer:
Consumers and producers in a free market economy are "free" to produce and consume what ever they want, and demand for products dictates production--whereas in a command economy, producers are told how much to produce by the government.
Explanation:
In a free market economy is where the individuals who are the producers, make their own decisions on what products to produce and sell.In this type of market, the government does not intervene. The advantage of this system is that producers have full control to produce products of their choice and they are more multivated to work and produce goods to earn money.This also boosts the economy growth by allowing the total control to the producers who produce goods according to the demand of the market.
According to the graph, in this market, a price of $1.50 would be equilibrium.
