There is a situation where you wish to find P(X < 3) for some continuous random variable
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There is a situation where you wish to find P(X < 3) for some continuous random variable X. You assume that the random variable X follows a normal distribution with mean 10 and standard deviation of 1. However, it turns out that X has a distribution with high right skewness with the peak of the density curve at X = 3 (a truth that you don’t know). Explain how mistakenly using the normal distribution will affect the calculation of P(X < 3).
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Mistakenly assuming that the random variable X follows a normal distribution when it actually has a highly rightskewed distribution can lead to inaccu...View the full answer
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Related Book For 
Principles Of Managerial Statistics And Data Science
ISBN: 9781119486411
1st Edition
Authors: Roberto Rivera
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