Practice - Limitations
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Practice Questions
Test your understanding with targeted questions
What type of data does the Normal Distribution not apply well to?
💡 Hint: Think about distributions that are not symmetrical.
What is one benefit of transforming data?
💡 Hint: Consider the shape of the data distribution.
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Interactive Quizzes
Quick quizzes to reinforce your learning
Which of the following is NOT a limitation of the Normal Distribution?
💡 Hint: Think about data characteristics that are best represented.
True or False: Heavy tails refer to the tendency of data to behave normally under extreme circumstances.
💡 Hint: Consider how extremes are treated in statistical distributions.
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Challenge Problems
Push your limits with advanced challenges
You are analyzing a dataset of yearly incomes in a city known for its wealth disparity. Discuss how you would check for normality and detail what transformations could be applied if necessary.
💡 Hint: Consider visual and statistical tools for your assessment.
In the stock market, you notice that large price fluctuations occur more frequently than predicted. Suggest a statistical model better suited for this scenario and explain why.
💡 Hint: Evaluate models that handle extremes effectively.
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Reference links
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