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A normal distribution exhibits zero skewness and is often shown as a bell curve. Skewness is the degree of asymmetry observed in a set of data. A distribution is right-skewed if the mean is higher ...
Startup innovation seemingly bifurcates around a choice: to either build towards either a distribution advantage or a data advantage in the insurance industry. In 2020, I wrote about the unique ...
It provides insight into data distribution and can easily help reveal patterns behind anomalies. For instance, an insurance company can use the technique to determine why more claims are ...
is a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean. The normal distribution appears as a ...