When you request a lognormal probability plot, you must specify the shape parameter for the lognormal distribution (see Table 9.13 for the equation). The value of must be positive, and typical values ...

As with all probability distributions, the Normal Distribution describes how the values of your data are distributed. Subsequently, it is one of the most important probability distributions in ...

The diameters of 50 steel rods are measured and saved as values of the variable DISTANCE in the following data set: * data measures; input diameter @@; label diameter='Diameter in mm'; datalines; ...

Kristina Zucchi is an investment analyst and financial writer with 15+ years of experience managing portfolios and conducting equity research. Gordon Scott has been an active investor and technical ...

Statisticians frequently assume that data follow a normal distribution when developing statistical methods and performing practical data analysis. In most introductory statistics textbooks, the ...

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...