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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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3+ - 1 I hole this helped
1,000,000
If the number is 5-9 (in this case, the one in the hundred-thousands place), you round up. If lower, then round down
We could do it with algebra. But we can also do it the long way, which is
shorter than the algebraic way.
The digit in the tens place is 3 times the digit in the units place.
So the number MUST be
31, or
62, or
93 .
It can't be anything else.
Now here they are again, with the reverse of each one:
31 . . . 13 The new number is 18 less.
62 . . . 26 The new number is 36 less.
93 . . . 39 The new number is 54 less.
Obviously, the original number is 62.
