Q1. Compare the Budgets of Families A and B with Rectangle and Sub-divided Rectangles. Items of Expenditure Family A Family B Food 24 60 Clothing 4 14 House Rent 4 16 Education 3 6 Litigation 2 10 Conventional Need 1 6 Miscellaneous 2 8 Total 40 120
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.
Q1. Compare the Budgets of Families A and B with Rectangle and Sub-divided Rectangles.
|
Items of Expenditure |
Family A |
Family B |
|
Food |
24 |
60 |
|
Clothing |
4 |
14 |
|
House Rent |
4 |
16 |
|
Education |
3 |
6 |
|
Litigation |
2 |
10 |
|
Conventional Need |
1 |
6 |
|
Miscellaneous |
2 |
8 |
|
Total |
40 |
120 |
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