Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

offer an example of something that should follow a normal distribution. Don't use examples discussed in the notes. Normal distributions,though,are rarely standard;most distributions deviate from

offer an example of something that should follow a normal distribution. Don't use examples discussed in the notes.

Normal distributions,though,are rarely standard;most distributions deviate from the standard normal.For your responses,come up with a reason why another'snormal distribution example isn't standard using either kurtosis or skew.

For example, if someone suggested home prices as a normal distribution, you might argue that because there's a natural minimum for home prices (as a home must be a minimum size) but a maximum that can be way out there, the distribution will have a positive skew. (You can see this in the example data for lecture 8).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

978-0538473637

Students also viewed these Law questions