It is possible to obtain a quick-and-dirty estimate of the mean of a normal distribution from the
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It is possible to obtain a “quick-and-dirty” estimate of the mean of a normal distribution from the 50th percentile value on a normal probability plot. Provide an argument why this is so. It is also possible to obtain an estimate of the standard deviation of a normal distribution by subtracting the 84th percentile value from the 50th percentile value. Provide an argument explaining why this is so.
DistributionThe 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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Yes it is possible to obtain an estimate of the mean from the 50 th percentile value ...View the full answer
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Related Book For 
Applied Statistics And Probability For Engineers
ISBN: 9781118539712
6th Edition
Authors: Douglas C. Montgomery, George C. Runger
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