Hi, I am having trouble understanding this histogram:

I understand what a histogram is, but do not understand the x-axis and y-axis in the context of the revenue data for that particular customer. If you could explain, I would appreciate it. Thanks.

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Barry Li2y

Hi, I am having trouble understanding this histogram:

I understand what a histogram is, but do not understand the x-axis and y-axis in the context of the revenue data for that particular customer. If you could explain, I would appreciate it. Thanks.

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Barry Li2y

The area under a probability density function must be 1.

For questions 6 and 7, is it possible for that to be true given that p(1) = 1?

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Barry Li2y

n-1 is being used in place of n because it is implied we are working with a sample. It's a bit silly of them to not explicitly mention this time I responded.

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