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The marshalls insured their home for 72000 which is 90 percent of the fair market value what is the fair market value of their home?
$80,000
What is the mean of a normal distribution?
It is the expected value of the distribution. It also happens to be the mode and median.It is the expected value of the distribution. It also happens to be the mode and median.It is the expected value of the distribution. It also happens to be the mode and median.It is the expected value of the distribution. It also happens to be the mode and median.
What are the differences between discrete and continuous distribution?
discrete distribution is the distribution that can use the value of a whole number only while continuous distribution is the distribution that can assume any value between two numbers.
What is distribution is statistics?
The distribution for a variable is the set of value that the variable can take and the probabilities associated with those value.
What is the difference of frequency distribution and relative frequency distribution?
A frequency distribution lists each value in the distribution and the number times it appears, while a relative frequency distribution reports the proportion of cases reporting each value
What is the meaning of expected value in a probability distribution?
The expected value is the average of a probability distribution. It is the value that can be expected to occur on the average, in the long run.
What is the significance of the mean of a probabilty distribution?
It is a value around which the distribution lies.
What is weighted distribution?
What is weight distribution?
What is the different between standard normal distribution and normal distribution?
A normal distribution can have any value for its mean and any positive value for its variance. A standard normal distribution has mean 0 and variance 1.
What is the expected value of the standard normal distribution equal to?
The expected value of the standard normal distribution is equal to the total amount of the value. It is usually equal to it when the value works out to be the same.
What is the shape of the distribution of the mean of a sample?
The mean of a sample is a single value and so its distribution is a single value with probability 1.
How do you find the positive critical value of 0.01?
The positive critical value depends on the distribution and then the parameters (if any) which characterise the distribution.
