Most of the commonly used frequency curves are?
Frequency curves are graphical representations of a set of data that display the frequency distribution of a given variable. There are several commonly used frequency curves that are used to represent different types of data. In this article, we will discuss these curves in detail.
Normal Distribution Curve
The normal curve is also known as the bell curve because of its shape. It is a symmetrical curve that represents a dataset that is evenly distributed around the mean. The curve is characterized by two parameters, the mean and the standard deviation. The mean represents the center of the curve, while the standard deviation represents the spread of the data.
Skewed Distribution Curve
A skewed distribution curve is asymmetrical, meaning that the data is not evenly distributed around the mean. There are two types of skewed distribution curves: positively skewed and negatively skewed. Positively skewed data has a tail that extends to the right, while negatively skewed data has a tail that extends to the left.
Uniform Distribution Curve
A uniform distribution curve represents a dataset where all values are equally likely to occur. The curve is characterized by a flat line, which indicates that there is no clustering of data around any particular value.
Exponential Distribution Curve
The exponential distribution curve is used to represent data that follows an exponential distribution. This type of distribution is characterized by a rapid drop-off in the frequency of events as the value of the variable increases. The curve is characterized by a steep slope on the left-hand side, which flattens out as it moves to the right.
Lognormal Distribution Curve
The lognormal distribution curve is used to represent data that is skewed to the right. The curve is similar in shape to the normal curve, but it is shifted to the right. This type of distribution is commonly used to represent data that is related to financial markets.
Conclusion
In conclusion, frequency curves are a useful tool for understanding the distribution of data. The type of curve used will depend on the type of data being analyzed. The normal curve is used for symmetrical data, skewed curves are used for asymmetrical data, the uniform curve is used for evenly distributed data, the exponential curve is used for rapid drop-off in frequency, and the lognormal curve is used for data skewed to the right.
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