Draw a Histogram for following data and conclude on same. – No of units sold by a salesman of X Trading Co. in year 2020 Table 2 Data shows units sold in number of weeks Units Sold Number of Weeks 1000 - 1999 5 2000 - 2999 10 3000 - 3999 23 4000 - 4999 8 5000 - 5999 6
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
- Draw a Histogram for following data and conclude on same. – No of units sold by a salesman of X Trading Co. in year 2020
Table 2 Data shows units sold in number of weeks
|
Units Sold |
Number of Weeks |
|
1000 - 1999 |
5 |
|
2000 - 2999 |
10 |
|
3000 - 3999 |
23 |
|
4000 - 4999 |
8 |
|
5000 - 5999 |
6 |
Step by step
Solved in 3 steps with 1 images
