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Q: According to the Insurance Institute of America a family of four spends between400 and 3800per year on all types of insurance. Suppose the money spent isuniformly distributed between these amounts.Wha?
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Continue Learning about Statistics

Why is the Gaussian distribution referred to as normal distribution?

Because many naturally occurring variables were approximately distributed according to a Normal bell shaped curve.Because many naturally occurring variables were approximately distributed according to a Normal bell shaped curve.Because many naturally occurring variables were approximately distributed according to a Normal bell shaped curve.Because many naturally occurring variables were approximately distributed according to a Normal bell shaped curve.


How do you find normal distribution of z-scores?

z-scores are distributed according to the standard normal distribution. That is, with the parameters: mean 0 and variance 1.


What is the role of the stochastic error term in regression analysis?

Regression analysis is based on the assumption that the dependent variable is distributed according some function of the independent variables together with independent identically distributed random errors. If the error terms were not stochastic then some of the properties of the regression analysis are not valid.


What is the correlation coefficient symbol?

The answer is r.Actually 'r' is the usual symbol for the correlation coefficient statistic calculated for a sampleof paired values. The correlation coefficient for a population of pairs of random variables distributed according to a binomial normal distribution is usually denoted by the Greek letter 'rho'.


Briefly explain in your own words The Central Limit Theorem?

According to the Central Limit Theorem, the arithmetic mean of a sufficiently large number of iterates of independent random variables at a given condition is normally distributed. This is based on the condition that each random variable has well defined-variance and expected value.

Related questions

Why is the Gaussian distribution referred to as normal distribution?

Because many naturally occurring variables were approximately distributed according to a Normal bell shaped curve.Because many naturally occurring variables were approximately distributed according to a Normal bell shaped curve.Because many naturally occurring variables were approximately distributed according to a Normal bell shaped curve.Because many naturally occurring variables were approximately distributed according to a Normal bell shaped curve.


How are electrons distributed in different orbits?

according to Aufbau principle


How legal is a will?

A valid will is 100% legal and will be upheld in a probate court. The testator's estate will be distributed according to the provisions in the will. If a will is found to be invalid, the decedent's property will be distributed according to the state laws of intestacy.


What is a Grant distributed according to community demographic factors called?

formulaGrant!


Are bushels of corn shelled?

Only if they need to be, according to who they are being distributed to.


When does a trust become finished and not sueable?

When the trust has been terminated according to the provisions in the trust instrument and the trust property has been distributed to the trust beneficiaries.When the trust has been terminated according to the provisions in the trust instrument and the trust property has been distributed to the trust beneficiaries.When the trust has been terminated according to the provisions in the trust instrument and the trust property has been distributed to the trust beneficiaries.When the trust has been terminated according to the provisions in the trust instrument and the trust property has been distributed to the trust beneficiaries.


WHAT IS AN intestate estate.?

It is one where there is no will. The estate will be distributed according to the intestacy laws of the jurisdiction.


How can you be the executor if there is no will?

Apply to the probate court. They will appoint an executor and the estate will be distributed according to law.


How was land distributed in the colony according to coopers plan?

I have no idea and i cant find the answer help me!


If not married in the state of Florida who receives estate?

It will be distributed according to the will. If there is no will the intestacy law of Florida will be applied.


What happens to a father's estate without a will in Pennsylvainia?

The estate will be distributed according to the Pennsylvania Intestacy Statute.


How are assets distributed when there is a trust?

You must read the provisions of that particular trust to determine how it directs that assets be distributed. A trust is managed according to the provisions set forth in the document that created the trust.