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A recent report indicated a typical family of four spends 490 per month on food. Assume the distribution of food expenditures for a family of four follows the normal distribution with a standard dev?
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What is Normal of probability distribution?
with mean and standard deviation . Once standardized, , the test statistic follows Standard Normal Probability Distribution.
What kind of distribution is a standard z distribution?
It is the normalised Gaussian distribution. To speak of a 'standard z' distribution is somewhat redundant because a z-score is already standardised. A z-score follows a normal or Gaussian distribution with a mean of zero and a standard deviation of one. It's these specific parameters (this mean and standard deviation) that are considered 'standard'. Speaking of a z-score implies a standard normal distribution. This is important because the shape of the normal distribution remains the same no matter what the mean or standard deviation are. As a consequence, tables of probabilities and other kinds of data can be calculated for the standard normal and then used for other variations of the distribution.
What distribution is a sampling distribution referring to?
A sampling distribution refers to the distribution from which data relating to a population follows. Information about the sampling distribution plus other information about the population can be inferred by appropriate analysis of samples taken from a distribution.
What are the uses of Normal Distribution?
The normal distribution is very important in statistical analysis. A considerable amount of data follows a normal distribution: the weight and length of items mass-produced usually follow a normal distribution ; and if average demand for a product is high, then demand usually follows a normal distribution. It is possible to show that when the sample is large, the sample mean follows a normal distribution. This result is important in the construction of confidence intervals and in significance testing. In quality control procedures for a mean chart, the construction of the warning and action lines is based on the normal distribution.
What are features of a population which follows normal distribution?
Height, weight, IQ,
What is Normal of probability distribution?
with mean and standard deviation . Once standardized, , the test statistic follows Standard Normal Probability Distribution.
What kind of distribution is a standard z distribution?
It is the normalised Gaussian distribution. To speak of a 'standard z' distribution is somewhat redundant because a z-score is already standardised. A z-score follows a normal or Gaussian distribution with a mean of zero and a standard deviation of one. It's these specific parameters (this mean and standard deviation) that are considered 'standard'. Speaking of a z-score implies a standard normal distribution. This is important because the shape of the normal distribution remains the same no matter what the mean or standard deviation are. As a consequence, tables of probabilities and other kinds of data can be calculated for the standard normal and then used for other variations of the distribution.
What percent of data falls between 1 Standard deviation below and 2 stand deviations above the mean?
The answer will depend on what the distribution is. Non-statisticians often assum that the variable that they are interested in follows the Standard Normal distribution. This assumption must be justified. If that is the case then the answer is 81.9%
What distribution is a sampling distribution referring to?
A sampling distribution refers to the distribution from which data relating to a population follows. Information about the sampling distribution plus other information about the population can be inferred by appropriate analysis of samples taken from a distribution.
What are the uses of Normal Distribution?
The normal distribution is very important in statistical analysis. A considerable amount of data follows a normal distribution: the weight and length of items mass-produced usually follow a normal distribution ; and if average demand for a product is high, then demand usually follows a normal distribution. It is possible to show that when the sample is large, the sample mean follows a normal distribution. This result is important in the construction of confidence intervals and in significance testing. In quality control procedures for a mean chart, the construction of the warning and action lines is based on the normal distribution.
What are features of a population which follows normal distribution?
Height, weight, IQ,
Is there a standard size for a euro-slot?
Yes there is a standard and it should be as follows:
What is the Distribution strategy adopted by Sony in India?
Sony india follows a one level distribution strategy i.e. manufacturer to retailers to customers.
What is Chi-square Probability Distribution?
The Chi-square probability distribution is a probability distribution that describes the distribution of the sum of squared standard normal random variables. It is often used in hypothesis testing and is characterized by its degrees of freedom. The shape of the distribution depends on the degrees of freedom parameter, with larger degrees of freedom resulting in a more symmetric and bell-shaped distribution.
What is t distribution?
Given T=Z/√(U/ν), Z~N(0,1) and U~χ_ν^2, T follows the Student t-Distribution t_ν Student t-Distribution
What is Student t-Distribution?
Given T=Z/√(U/ν), Z~N(0,1) and U~χ_ν^2, T follows the Student t-Distribution t_ν Student t-Distribution
What is standard index card measurement?
3x5 is the standard size as it closely follows the golden ratio
