0
What does it mean when you apply confidence intervals using a normal distribution?
Wiki User
∙ 10y ago
Assuming that the requirements of normality are met, a statement such as the parameter M has the value m, with a 95% confidence interval of (m-a, m+b) means that there is a 95% probability that the true value of M lies between m-a and m+b.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Does empirical rules always apply to discrete probability distribution?
the empirical rules of probablility applies to the continuous probability distribution
What is the history of exponential distribution?
Exponential DistributionThe exponential distribution is a very commonly used distribution in reliability engineering. Due to its simplicity, it has been widely employed even in cases to which it does not apply. The exponential distribution is used to describe units that have a constant failure rate.
Why does The 68-95-99.7 percent Rule only apply to normal distributions?
what else do you want it to apply to
A What is empirical rule?
For data sets having a normal, bell-shaped distribution, the following properties apply: About 68% of all values fall within 1 standard deviation of the mean About 95% of all values fall within 2 standard deviation of the mean About 99.7% of all values fall within 3 standard deviation of the mean.
How do I best analyze my data?
The answer depends on the type of data that you have and what you want to look at.If you have a long time series and want to look for long term trends or for seasonality then you will need to apply some form of smoothing first. Many statistical techniques and tests are best suited for data which are Gaussian (Normal). There are transformations which you might wish to apply to the data to make them more Gaussian. For example, if the data are percentages which are near to 0 or 100 then you might wish to apply the arcsine transform. Another common operation is the log transform.Also, there are different kinds of tests for comparing equality of means, equality of variance (or standard deviation), equality of distribution and so on.
Why the normal distribution can be used as an approximation to the binomial distribution?
The central limit theorem basically states that for any distribution, the distribution of the sample means approaches a normal distribution as the sample size gets larger and larger. This allows us to use the normal distribution as an approximation to binomial, as long as the number of trials times the probability of success is greater than or equal to 5 and if you use the normal distribution as an approximation, you apply the continuity correction factor.
Can normal distridution apply on discrete data?
Yes, If you have a large data set, you can approximate the discrete data by Normal distribution (which is continuous). An example would be, "A coin is tossed 1000 times. What is the probability of rolling between 300 and 400 heads?" This problem, usually solved by Binomial distribution (which is a discrete distribution), is very difficult to solve because of the large data set and can be approximated by the Normal distribution.
What are 6 distribution strategies that you can apply for a company?
Answering "What are 6 distribution strategies that you can apply for a company?"
How do i apply for a job at wal-mart distribution center in johnstown ny?
Apply there!
What are taxes and penalties on pension amount of 77000?
If this is a normal pension distribution, income tax will apply. The rate depends on your other income and filing status. You may be taxed by your state as well. If this is a premature distribution with no exception, you will be assessed a 10% penalty, or $7,700, in addition to regular income taxes.
Does empirical rules always apply to discrete probability distribution?
the empirical rules of probablility applies to the continuous probability distribution
Apply for job at walmart distribution cententer in Grandview WA.?
yes
How do you apply for a job at WalMart Distribution Center in menominee wi?
On line application
What does the phrase 'apply in confidence' mean?
Means your application or resume will not be forwarded or shared. It is kept confidential.
How do you apply mueller tape?
The same way you apply normal tape, you retard!
What is the history of exponential distribution?
Exponential DistributionThe exponential distribution is a very commonly used distribution in reliability engineering. Due to its simplicity, it has been widely employed even in cases to which it does not apply. The exponential distribution is used to describe units that have a constant failure rate.
Why did you apply as a sales clerk?
To learn how to handle customers and to boost my self confidence in communicating with different kind of persons.
