Guessing the Probability Distribution

Tips for guessing what distribution a variable (or set of values) might have People often assume that the frequency with which a variable will take on different values (i.e., probability distribution) is likely to follow a bell curve (i.e., a normal distribution); this is often a mistake. Instead, consider these rules of thumb for deciding which probability distribution to use as a model in different situations: (1) Binomial - when flipping coins Number of occurrences out of a fixed nu...
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