What is meant by Distribution values?
The term "distribution values" refers to the values of a distribution function that indicate the cumulative probability for the occurrence of certain events or measurements in a statistical distribution. Distribution values show the probability that a random variable does not exceed a certain value.
Typical software functions in the area of "distribution values":
- Calculation: Automatic determination of distribution values for given datasets or probability distributions.
- Visualization: Graphical representation of distribution functions and distribution values in diagrams or plots.
- Quantile Determination: Calculation of specific quantiles or percentiles from the distribution values.
- Comparative Analysis: Comparison of distribution values from different datasets or distributions.
- Hypothesis Testing: Conducting statistical tests based on distribution values, e.g., Kolmogorov-Smirnov test.
- Predictive Modeling: Use of distribution values to forecast future events or measurements.