Choosing which types of Distribution

In summary, for scenario a, the appropriate distribution to use would be binomial. For scenario b, the normal (z distribution) would be the best choice. Scenario c would require the use of multinomial distribution, while scenario d would require the use of hypergeometric distribution. For scenario e, binomial distribution would be the most suitable. Scenario f would require the use of Poisson distribution. Scenario g would require the use of hypergeometric distribution. Finally, for scenario h, the best choice would be Pascal distribution.
  • #1
theking7119
1
0
Given the following distributions I have to choose which one to use under the given scenario.

Distributions
- Binomial
- Poisson
- Pascal
- Multinomial
- Hypergeometric
- Normal (z distribution)


Scenarios:
a. I love snickers so I pull candy from the bag and immediately putting the candy
back in the bag until I have pulled out a snickers 6 times.
b. To check to see if all of my students are following along and learning at a
reasonable rate, I compare the variance of my classes’ exam grades against the
population variance of exam grades in statistics.
c. If I want to pull candy out of the bag and immediately put the candy back in the
back after observing what type of candy was pulled out. Assume the bag of candy
has snickers, kit-kats, and milky ways in it.
d. To check to see if all of my students are following along and learning at a
reasonable rate relative to other stats classes, I compare the variance of my
classes’ exam grades against another stats classes’ exams grades.
e. Flipping a coin until it lands on heads once.
f. Recording the number of car accidents on campus before noon.
g. Playing poker at a casino where every card dealt is observed and recorded.
Assume that you are dealing without replacement.
h. Rolling a die 100 times in order to see how many times the die lands on one.
 
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  • #2
a. Binomial b. Normal (z Distribution)c. Multinomial d. Hypergeometrice. Binomialf. Poissong. Hypergeometrich. Pascal
 

Related to Choosing which types of Distribution

1. What are the different types of distribution?

There are four main types of distribution: intensive, selective, exclusive, and direct. Intensive distribution involves making a product widely available through many retailers. Selective distribution involves selling to a limited number of retailers. Exclusive distribution involves selling through only one or a few retailers. Direct distribution involves selling directly to consumers without the use of intermediaries.

2. How do I choose which type of distribution is best for my product?

Choosing the right type of distribution depends on various factors such as the nature of your product, target market, and your overall business goals. For example, if you have a unique and high-end product, exclusive distribution may be the best option. On the other hand, if your product is widely available and appeals to a broad audience, intensive distribution may be more suitable.

3. Are there any disadvantages to using intensive distribution?

One disadvantage of intensive distribution is that it can lead to brand dilution. By making a product widely available, it may lose its exclusivity and perceived value. Additionally, intensive distribution can also lead to higher competition and lower profit margins as retailers may engage in price wars to attract customers.

4. Can I use more than one type of distribution?

Yes, it is possible to use a combination of distribution channels to reach different segments of your target market. For example, you may use direct distribution for online sales and exclusive distribution for high-end retail stores. However, it is essential to carefully manage and coordinate these channels to avoid conflicts and maintain the consistency of your brand image.

5. How often should I review and adjust my distribution strategy?

It is crucial to regularly review and adjust your distribution strategy to keep up with changing market conditions and consumer behavior. As your business grows, you may need to expand or adjust your distribution channels to reach new markets or better serve existing customers. Additionally, regularly analyzing sales data and customer feedback can help identify any issues with your current distribution strategy and make necessary adjustments.

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