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:
x = 335 - (6 * v)
Step-by-step explanation:
In order to calculate the value remaining, we need to first multiply the daily cost of each visit by the number of visits made to the gym which is represented by the variable (v). Once we have this cost of all the days then we subtract this amount from the current account balance in order to get the new remaining balance which is represented by x.
x = 335 - (6 * v)
Answer:
About 113
Step-by-step explanation:
Well, there are about 453 grams in a pound.
So divide 453 by 4, and there's the answer!
453 / 4 ≈ 113
Answer:
$78
Step-by-step explanation:
In the equation y = 2x + 40, x represents the number of months the member is a part of the club.
We are given that a certain member is part of the club for 19 months, so we substitute the number 19 in for x:
y = 2x + 40 = 2 * 19 + 40 = 38 + 40 = 78.
Thus, the total cost is $78.
Hope this helps!
Answer:
.2
Step-by-step explanation:
The probability has to sum to 1
Red + yellow + green + black + white = 1
.25+ .30 + .05 + black + white = 1
.6 + black + white =1
subtract .6 from each side
.6-.6+ black + white = 1-.6
black + white = .4
They said black and white received the same number of votes, so they will have the same probability
2 black = .4
Divide by 2
2 black /2 =.4/2
black =.2
