The Maxwell–Boltzmann distribution describes the probability distribution of molecular speeds in a sample of an ideal gas.

Key Points A platykurtic distribution resembles a normal distribution, with some differences. Typically, a platykurtic ...

Key Points A Box-Cox Power Transformation allows you to transform data to match a normal distribution. It is not a guarantee ...

Normal Distribution Uses for Inventory Forecasting. Demand forecasting is the process of analyzing customer demand and determining the number of units required to maintain sufficient supply ...

There are fundamental reasons why the normal distribution is a reasonable approximation in many development and manufacturing settings, but there are also practical reasons why data may not exactly ...

Financial markets—specifically derivatives—contain information about the range of probable future short-term interest rates.

A Log-Normal distribution function is the normal distribution for the logarithm of the variable. In linear scale it is a highly skewed distribution with a long tail in the high productivity side.

Defining the new normal Every 10 years NOAA releases a new set of "climate normals" — what is considered normal, typical or average weather in a given location at a given time of year. To ensure ...

Learn what a t-test is and discover the five standard assumptions made regarding the validity of sampling and data used in a t-test.

This video describes the central limit theorem and some properties of the normal distribution. Understanding this will help you tie together many of the different types of hypothesis tests and ...