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Mathematics, 13.06.2020 17:57 NFMZombie

Discuss how a probability plot works, and why we can draw conclusions based on the level of fit we see. If the resulting "fit" isn't perfect (which it very rarely is), what factors do you need to consider in making a decision about whether to use a particular distribution to solve your challenge? Describe how you would go about determining the best distribution for a set of data (if there actually is one).

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