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.
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Answer:
The 12th term in the sequence is 22
The answer is ten million six hundred thousand.
The number of adults waiting to see the new superhero movie is 62.
<h3>
How many adults are waiting in line?</h3>
Ratio expresses the relationship between two or more numbers. Ratio is used to compare two or more numbers. It shows the number of times that one value is contained in another value.
Looking at the ratio given in this question, we know that there are 1 1/2 (3 /2) more children than adults on the line to watch the new superhero movie.
Number of adults waiting to see the movie = (ratio that represents adults / sum of ratio) x total number of people wafting in line
Sum of ratios = 2 + 3 = 5
(2/5) x 155 = 62 people
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