When n is small (less than 30), how does the shape of the t distribution compare to the normal distribution then"it is flatter and wider than the normal distribution."
<h3>What is normal distribution?</h3>
The normal distribution explains a symmetrical plot of data around the mean value, with the standard deviation defining the width of the curve. It is represented graphically as "bell curve."
Some key features regarding the normal distribution are-
- The normal distribution is officially known as the Gaussian distribution, but the term "normal" was coined after scientific publications in the nineteenth century demonstrated that many natural events emerged to "deviate normally" from the mean.
- The naturalist Sir Francis Galton popularized the concept of "normal variability" as the "normal curve" in his 1889 work, Natural Inheritance.
- Even though the normal distribution is a crucial statistical concept, the applications in finance are limited because financial phenomena, such as expected stock-market returns, do not fit neatly within a normal distribution.
- In fact, prices generally follow a right-skewed log-normal distribution with fatter tails.
As a result, relying as well heavily on the a bell curve when forecasting these events can yield unreliable results.
To know more about the normal distribution, here
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Answer:
The 95% confidence interval for the fraction of all shoppers during the year whose visit was because of a coupon they'd received in the mail is (0.2016, 0.2694).
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of 
, and a confidence level of 
, we have the following confidence interval of proportions.
In which
z is the z-score that has a p-value of 
.
A store randomly samples 603 shoppers over the course of a year and finds that 142 of them made their visit because of a coupon they'd received in the mail.
This means that 
95% confidence level
So 
, z is the value of Z that has a p-value of 
, so 
.
The lower limit of this interval is:
The upper limit of this interval is:
The 95% confidence interval for the fraction of all shoppers during the year whose visit was because of a coupon they'd received in the mail is (0.2016, 0.2694).
Answer:
Step-by-step explanation:
Vertically opposite angles are equal.
8y + 36 = 14y -24 Subtract 36 to both sides
8y = 14y - 24 - 36 Combine
8y = 14y - 60 Subtract 14y from both sides
8y - 14y = - 60
-6y = -60 Divide by - 6
-6y/-6 = -60/-6
y = 10
===========================
x +48 = 64 Subtract 48 from both sides
x +48 - 48 = 64-16
x = 16
Answer:
What is the question am I supposed to calculate the slope? If so then the answer is 5/-3
Step-by-step explanation:
Step-by-step explanation:
Let's see. f(4) makes the divisor x-4
4|-2 9 -6 7
| 8 -68 296
-2 17 -74 2072
The quotient is -2x²+17x-74 with a remainder of 2072
