Statistical Distributions

Statistical distributions are ways to describe how values of a variable are spread out or organized. Imagine you have a jar of jellybeans in different colors. A distribution helps us understand how many jellybeans of each color there are. Common types include the normal distribution, shaped like a bell, where most values cluster around an average, and the uniform distribution, where all values occur equally. Distributions help us analyze data, make predictions, and understand probabilities in various fields, from finance to health. They're essential for making sense of the randomness in our world.