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In: Statistics and Probability

What are the three major differences between a normal distribution and a binomial distribution? Why is...

  1. What are the three major differences between a normal distribution and a binomial distribution?
  2. Why is the Normal Distribution called "Normal"?
  3. What are examples of exponentially distributed random variables in real life?
  4. What is the significance of central limit theorem?

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Expert Solution

orchestra answered 1 year ago
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