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3 years ago

Why is the assumption of a normal, bell-shaped distribution important in making these estimates

2 answers:

7 0

The term bell is utilized to portray the scientific idea called ordinary circulation, once in a while alluded to as Gaussian conveyance. "Chime bend" alludes to the ringer shape that is made when a line is plotted utilizing the information focuses for a thing that meets the criteria of ordinary appropriation.

In a bell, the middle contains the best number of a worth and, in this way, it is the most elevated point on the curve of the line. This point is alluded to the mean, yet in straightforward terms, it is the most noteworthy number of events of a component (in factual terms, the mode).

Explanation:

The ordinary dissemination is the most significant likelihood dispersion in insights since it fits numerous regular marvels. For instance, statures, pulse, estimation mistake, and IQ scores pursue the typical circulation. It is otherwise called the Gaussian conveyance and the ringer bend.

The typical appropriation is a likelihood work that depicts how the estimations of a variable are conveyed. It is a symmetric circulation where a large portion of the perceptions bunch around the focal pinnacle and the probabilities for values further away from the mean decrease similarly in the two headings. Outrageous esteems in the two tails of the appropriation are comparatively improbable .

Furkat [3]3 years ago

5 0

Answer:

A normal bell-shaped distribution is a normal distributed set of data that has to be treated in a uniform way.

Explanation:

A normal bell-shaped distribution is an assumption that depict that the average of the data is distributed close to the mean and that there is a standard deviation an a normal distribution that allow the data to be treated in a uniform way.

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Preparing to pay for higher education can start in 9th grade or earlier by...

Anton [14]

Answer:

Applying for grants

Explanation:

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3 years ago

Correctly identify steps 3 and 4 of the accounting process: multiple choice Step 3: post entries into the ledger; Step 4: identi

nata0808 [166]

Answer: Step 3: record transactions into the journal; Step 4: post entries into the ledger.

Explanation:

After we identify and analyze a transaction so that we know what accounts and journal it is to go to, we record the transaction in the relevant journal in the third step of the accounting process.

We then take those transactions and post it to the relevant ledger which shows all the transactions related to a certain account. These ledgers are called the "books of final entry" and it is from them that we are able to draw up the unadjusted trial balance.

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3 years ago

Household behavior with respect to changes in income can be described by the marginal propensity to consume (MPC) and the margin

Citrus2011 [14]

Answer: Greater the MPC

Explanation:

The Marginal Propensity to consume refers to how much Economic consumption increases or decreases due to a change in income.

The formula for MPC is;

= Change in Consumption/Change in Income.

Consumption is a major component of GDP so it has a direct influence on Economic output. In other words, the larger the level of consumption, the higher the higher the output.

As evident from the equation, if the change in consumption is higher than the change in income, the MPC will be larger. A larger MPC therefore corresponds to a higher Consumption.

If a higher Consumption leads to a larger output and a larger MPC corresponds to a higher Consumption then that means that a higher MPC leads to a larger output.

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3 years ago

The division of expenses and income between a buyer and seller at closing is known as…?

Fiesta28 [93]

Answer:

Prorating

Explanation:

Prorating refers to the amount that the seller is usually liable to pay the buyer as for the period of closing the deal to the date it is actually closed.

Basically any amount of rent that is earned by the seller on the property which is meant to be sold and that the buyer expected to settle the deal, on a date previous to the actual date on which the deal is done, then the amount of rent for such period is called prorated.

That is the closing amount of expenses or income in between the seller and the buyer, in a real estate transaction.

3 0

3 years ago

American General Company experienced the following accounting events during 2014:

12345 [234]

Answer:

1. Operating Activities (OA)

2. Financing Activities (FA)

3. Financing Activities (FA)

4. Investing Activities (IA)

5. Operating Activities (OA)

6. Operating Activities (OA)

7. Investing Activities (IA)

8. Financing Activities (FA)

9. Not applicable (NA)

10. Financing Activities (FA)

Explanation:

Statement of cash flows is one of the three major financial statements. The statement analyses the cash generated and cash expended by an entity in a given period. The statement collates the analysis under three categories

1. Operating Activities

2.Investing Activities

3.Financing Activities

Operating activities comprise of cash generated and expended by the entity on its normal business operation during the period. Examples of this are cash received from customers, cash paid to suppliers, rent paid to landlord, cash expenses paid etc.

Investing activities consist of cash activities involving acquisition and disposal of assets and investment. Examples of such are cash receipt from sales of equipment, cash spent on purchase of investment securities.

Financing activities are cash activities involving the entity and provider of capital, equity owner and debt holder. Example of such activities are cash generated from issuance of bond, cash dividend paid to equity owner.

4 0

4 years ago