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Type of probability distribution

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Reference no: EM131657149

Suppose you want to collect data on household income in California. After conducting a survey, you end up with 1 million observations (or data points). Identify the tpye of probability distribution that could best explain your data (the distribution of household income), and justify your choice.

- Normal distribution

- Exponential distribution

- Poisson distribution

250+ total words

Reference no: EM131657149

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