Statistics

Describe a probability distribution that is not normal, and explain how it could be applied in a real-world scenario?

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Answers

Anonymous

3.8Strong
A Tweedie distribution is not normal. It has a spike at value zero, and then a distribution skewed having a very long tail on the right. There is no negative value.
This is the distribution of auto insurance loss cost.
  • Describe a probability distribution that is not normal, and explain how it could be applied in a real-world scenario?
  • What is a probability distribution that deviates from the typical normal distribution? Would you mind giving an instance of where it might be useful?
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  • Can you share a probability distribution that deviates from the regular normal distribution? Also, can you give us some illustrations of an actual world situation where this distribution is applicable?
  • Could you explain a probability distribution that is not normal? Further, can you shed some light on a real-life scenario where this could be utilized?
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  • Could you describe a probability distribution which doesn't conform to the normal distribution? Additionally, can you mention an industry example where this distribution applies?
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Interview question asked to Data Scientists interviewing at Google, ZocDoc, Akamai and others: Describe a probability distribution that is not normal, and explain how it could be applied in a real-world scenario?.