Homonym: Distributions (Allocations)
A distribution is a way to describe how values or outcomes are spread out in a dataset. It shows the frequency of each value, helping to understand patterns and trends. Common types of distributions include the normal distribution, which is bell-shaped, and the uniform distribution, where all outcomes are equally likely.
In statistics, distributions are essential for analyzing data and making predictions. They help researchers determine probabilities and assess the likelihood of different outcomes. Understanding distributions is crucial in fields like economics, psychology, and healthcare, where data-driven decisions are made based on observed patterns.