Week Amount EstimateWeek_Amount Estimate_ 10 10.000 6 14 11.90390 11 10.000 24 12.11351 21 10.100 18 13.30216 16 11.190 9 10 13.77194 14 11.671 10 12 13.39475 Listed on the table above is the number of cars sold each week at a Toyota dealership in Salem, along with the Exponential Smoothing Estimates using an Alpha of 0.1. Using that same Exponential Smoothing Estimate with an Alpha of 0.1, what would the estimated number of cars be for week 11? (round to 3 digits) 1 2. 3. 4. 5.
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
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