Look at your classmates’ distribution. Is there any well-known distribution that could be used to model their random phenomenon? Some well-known discrete distributions are: Uniform, Bernoulli,...

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Look at your classmates’ distribution. Is there any well-known distribution that could be used to model their random phenomenon? Some well-known discrete distributions are: Uniform, Bernoulli, Binomial, Geometric, and Poisson (but there are others). Explain why this distribution might be appropriate. Post a picture of the discrete distribution and a histogram of the frequency data from the original post, and comment on what is similar and different. Are there any outliers that, if removed, would make the frequency data match the distribution really well? (At least 100 words) See attached Screen shot for the data I want you to analyze
Answered Same DayJan 17, 2021

Answer To: Look at your classmates’ distribution. Is there any well-known distribution that could be used to...

Pritam answered on Jan 22 2021
145 Votes
The data basically contains the records for the cost of groceries over 16 weeks. One can provide the basic exploratory analysis for the given data. For basic analysis only the histogram is given below. But instead of giving the histogram only one could explore the density estimate for the data and the estimated curve is shown in blue to have a clarified version.
The curve of the density estimate gives us the notion that the data is slightly right-skewed. From the structure of the problem set and the frequency distribution, it can be said that none of the Poisson or Geometric distribution seems to be not justified for the corresponding data. But Binomial distribution seems to be quite fine for the data and from the perspective of the context. But Binomial distribution is symmetric whereas in our case the data is not symmetric. This could be possible due to the presence of an outlier. So, we can check the outlier in the following section to check the presence of outliers. The actual density mass function is shown below.
One can see that there is one outlier in the data and...
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