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Showing results for tags 'bell curve'.
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Six Sigma and Bell Curve
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins!
Q 530. Explain the concept of Six Sigma performance with the help of a Bell Curve? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. However, this question will remain open for an extended duration i.e. until 10th Jan 2023 All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. Questions launched on Tuesdays are open till Friday and questions launched on Friday are open till Tuesday. However, this question will remain open for an extended duration i.e. until 10th Jan 2023 When you respond to this question, your answer will not be visible till it is reviewed. Only non-plagiarised (plagiarism below 5-10%) responses will be approved. If you have doubts about plagiarism, please check your answer with a plagiarism checker tool like https://smallseotools.com/plagiarism-checker/ before submitting. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term -
Q 500. Student's T, Logistic, Binomial distributions all have a shape that resembles a bell curve or a Normal distribution. What is the criteria to decide NOT to work with a Normal distribution and instead work with one of these? Provide an example for each distribution. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. Questions launched on Tuesdays are open till Friday and questions launched on Friday are open till Tuesday. When you respond to this question, your answer will not be visible till it is reviewed. Only non-plagiarised (plagiarism below 5-10%) responses will be approved. If you have doubts about plagiarism, please check your answer with a plagiarism checker tool like https://smallseotools.com/plagiarism-checker/ before submitting. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
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Skewness and Kurtosis
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins!
Q. 87 Skewness and kurtosis are two commonly listed values when you run any software’s descriptive statistics function. The skewness parameter measures the relative sizes of the two tails. The kurtosis parameter is a measure of the combined weight of the tails relative to the rest of the distribution. Since these numbers appear automatically, it is natural to wonder how they might be used in practice. What purpose do these shape statistics serve in any data analysis? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term.