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What is the difference between a numerical distribution and a weighted distribution?

Sales, FMCG & Distribution.

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Question added by Muhammad Saqib Madni , CLUSTER MANAGER (STANDIN) FSM , THE COCA-COLA BOTTLING COMPANY OF SAUDI ARABIA
Date Posted: 2024/03/25
Deepak Saluja
by Deepak Saluja , Senior Manager- (East & Central India) & Middle East , JKFennerIndiaLtd.,Madurai, india

Key Differences:
  • Numerical Distribution: Treats all data points equally, with no adjustment for their relative importance or frequency.
  • Weighted Distribution: Adjusts for the significance or frequency of each data point, typically by assigning a weight to each value, which can influence calculations like the weighted mean, variance, or probabilities.

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