An ecologist studying the breeding habits of birds sent volunteers from the local chapter of the Audubon
Question:
a. What kind of theoretical distribution might you select to represent the distribution of the number of nesting sites? Why?
b. Run @RISKs fitting procedure to determine how well your distribution choice in part a fits the data. Compare the sample mean and sample standard deviation to those of the fitted theoretical distribution.
c. Each of the discrete distributions in @RISKs library has trouble matching the probability of nine nesting sites per 5-acre parcel. For example, the data show a 20.8% probability of nine nesting sites, but all the theoretical distributions show only a 4 8% probability of finding nine nesting sites per five-acre parcels. Is this a problem? If so, what might you do? Explain.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly