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What are the importance of frequency distribution tables?
What are the importance of frequency
What is importance of central limit theorem?
The importance is that the sum of a large number of independent random variables is always approximately normally distributed as long as each random variable has the same distribution and that distribution has a finite mean and variance. The point is that it DOES NOT matter what the particular distribution is. So whatever distribution you start with, you always end up with normal.
What are the functions of middlemen in the chain of distribution?
I remember them as possession, ownership, negotiation, financing, pricing and promotion.
What is an example for vertical integration would be?
Vertical intergration is where a company moves down the chain of distribution for example Thomas Cook is a tour operator and then it became a travel agents as well
Is normal distribution also a probability distribution?
Yes. When we refer to the normal distribution, we are referring to a probability distribution. When we specify the equation of a continuous distribution, such as the normal distribution, we refer to the equation as a probability density function.
