The purpose of warehousing is to provide a safe building to store goods. The purpose of distribution is a place to stock products to be redistributed to retailers, wholesalers, and consumers.
Chat with our AI personalities
. It is to organize raw data
The Normal distribution is frequntly encountered in real life. Often a matter of interest is how likely it is that the random variable (RV) being studied takes a value that it did or one that is more extreme. This requires a comparison of the observed value of the RV with its Normal distribution. Unfortunately, the general Normal distribution is extremely difficult to calculate. The Normal distribution is defined by two parameters: the mean and the variance (or standard deviation). It is impossible to tabulate the distribution of every possible combination of two parameters - both of which are continuous real numbers. However, using Z score reduces the problem to that of tabulating only one the Normal distribution: the N(0, 1) or standard Normal distribution. This allows the analysis of an RV with any Normal distribution.
The Student's T- Distribution is a type of probability distribution that is theoretical and resembles a normal distribution. The Student T- Distribution differs from the normal distribution by its degrees of freedom.
le standard normal distribution is a normal distribution who has mean 0 and variance 1
When its probability distribution the standard normal distribution.