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Found 3 results

  1. Assuming that you have a data set that follows normal distribution, give examples of how you could use probability distribution to make predictions for the outcome of some business processes.
  2. Q. 65. In which situations would you consider non-normal data as abnormal? (Abnormal here means unusual or unacceptable) This question is a part of Excellence Ambassador initiative and is open for 3 days. There is a reward for best answer in first 24 hours and another for best in 3 days. All rewards are mentioned here - https://www.benchmarksixsigma.com/forum/excellence-ambassador-rewards/ All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/
  3. Q9. What is the difference between Central Limit Theorem and Law of Large Numbers? If central limit theorem can help us achieve a normal distribution, why should we not always make use of it and get rid of Non-Normal data?
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