Question: This week we will cover the Normal Distribution. Your task for this week is to obtain a dataset of your interest with a sample size
This week we will cover the Normal Distribution. Your task for this week is to obtain a dataset of your interest with a sample size of at least 10 (examples: the prices of apartments, computers, smartphones, cars, etc.) Calculate the mean and sample standard deviation. Then make an inference using the Empirical rule (we assume that your data follows a Normal Distribution). You need to provide the following:
Sample data and its source
Mean and standard deviation
Your inferential statement
Example.
I collected randomly the following apartment prices in Tashkent from 50000 23000 34000 26000 45000 66000 36000 34000 100000 48000 120000 44000 86000 74000 75000 31000Sample mean: = $55,750
Sample standard deviation: s = $28,358
55,750 - 28,358 = 27,392
55,750 + 28,358 = 84,135
According to Empirical rule, approximately 68% of apartment prices in Tashkent range from $27,392 to $84135.
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