Statistical Distribution

A statistical distribution describes how values in a dataset are spread out or concentrated. It shows the likelihood of different outcomes occurring. For example, if you survey people's ages, a distribution might reveal more people in their 20s and fewer in their 80s, forming a pattern. Common distributions include normal (bell-shaped) and skewed (with more values on one side). Understanding distributions helps in making predictions and informed decisions based on data, whether in business, science, or everyday life.