Probability Plot is a graphical tool for to assess if the data follows a particular distribution or not. Data is plotted against a hypothesized distribution and if it roughly forms a straight line, it indicates that data follows the hypothesized distribution. Deviation from straight line indicates that data does not follow the hypothesized distribution.
An application-oriented question on the topic along with responses can be seen below. The best answer was provided by Vidhya Rathinavelu on 23rd May 2023.
Applause for all the respondents - Vidhya Rathinavelu, Gitarchana Roy, Moushmi Kandori, Khalandar S, Raghavendra Rao Althar, Ajay Sharma, Sanjay Bhure, Nikita Chordia.
Q 567. Explain how a probability plot helps us assess the distribution of the data. What insights do we get from a curve that deviates from a straight line in a probability plot?
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