Ready to Know Something about Distribution?
As you are likely aware, the word "distribution" usually means either the action of passing something to a group of people or the way in which people or things spread out in a place. However, we treat the word “distribution” as a special term in Mathematics (Statistics). You may want to make a guess about the special meaning of this word following the example given below. Imagine we want to know how many life insurance policies a UW professor owns. We proceed by sending out some questionnaires to the reachable professors and collecting responses from those who are willing to participate in our small study. After collating the information, we will be able to tell the most or least policies a professor has and sort out the number of professors owning a certain number of policies – i.e., the “distribution” of professors’ life insurance policies. You may notice that from a mathematical perspective the meaning of a distribution leans towards “the way in which things spread out i...