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Give an example from your business or industry that seems to reflect the normal distribution?
Wiki User
∙ 14y ago
example from your business or industry that seems to reflect the normal distribution
Wiki User
∙ 14y ago
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What is the mean of the sampling distribution of the sample mean?
Frequently it's impossible or impractical to test the entire universe of data to determine probabilities. So we test a small sub-set of the universal database and we call that the sample. Then using that sub-set of data we calculate its distribution, which is called the sample distribution. Normally we find the sample distribution has a bell shape, which we actually call the "normal distribution." When the data reflect the normal distribution of a sample, we call it the Student's t distribution to distinguish it from the normal distribution of a universe of data. The Student's t distribution is useful because with it and the small number of data we test, we can infer the probability distribution of the entire universal data set with some degree of confidence.
A sample that does not reflect the population would result from?
Under-Coverage
Describe how the sample size affects the standard error?
Standard error (which is the standard deviation of the distribution of sample means), defined as σ/√n, n being the sample size, decreases as the sample size n increases. And vice-versa, as the sample size gets smaller, standard error goes up. The law of large numbers applies here, the larger the sample is, the better it will reflect that particular population.
Why are the results for theoretical and experimental probability different?
The theoretical model does not accurately reflect the experiment.
To decide whether observed differences between samples reflect actual differences between?
statistical significance
The automobile industry's production methods had a lasting effect on Berry Gordy Jr's business philosophy to the point that he set up his record company to reflect the concept?
true
The automobile industry's production methods had a lasting effect on Berry Gordy Jr's business philosophy, to the point that he set up his record company to reflect the concept?
true
How is the t distribution similar to the standard z distribution?
Z is the standard normal distribution. T is the standard normal distribution revised to reflect the results of sampling. This is the first step in targeted sales developed through distribution trends.
Differentiate equal distribution from equitable distribution?
Equitable refers to fairness. For example, an equal distrbution of marks in an exam would require that everyone got exactly the same score. An equitable distribution wold reflect the fact that some people gave better answers than others and so were more "deserving" of a higher mark.
Does Non-parametric statistics fall in a normal distribution that reflect an ordinal scale?
Not necessarily.
How is the constraint of industry practices reflected in the FASB Codification?
The unique features of a particular industry may necessitate a departure from typical practices. For example, most public utility companies will report non-current assets before current assets on their balance sheet to reflect the highly capitalized nature of their industry.
How does our Parliamentary system reflect Canada's population distribution and still protect the smaller provinces?
It doesn't but a mp represents 18000 people
How can I find a really good and professional name for my future cake decorating business?
Come up with something from your heart that shows your passion for the industry. I find personally, the companies that use wit in their name I tend to remember more, but the name has to reflect you as a person.
When did the electromedical and electro-therapeutic apparatus industry become a distinct entity?
In 1987, when many industries were reclassified to more accurately reflect the true nature of American industry,
What is invoice padding?
some skill that reletad to business which is describt wrongfully and exaggereation by company workers...For example a company have some advantage about market segment, but the company reflect itself very predominant in marketing..
Is there a technology to transfer or reflect thoughts into pictures or movie example detectors?
No.
What is the element that reflects?
Many metals reflect.... Tin for example. But silicon is a reflector too.
