In Exercise 23 we saw that the United Nations Development Programme (UNDP) uses the Human Development Index
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GDPPC is measured in dollars. Incomes and other economic measures tend to be highly right skewed. Taking logs often makes the distribution more unimodal and sym-metric. Compare the histogram of GDPPC to the histogram of log (GDPPC).
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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