In the previous post we explored the Cauchy distribution, which, having undefined means and standard deviations, is an example of a

Whilst we didn't originally derive the Cauchy distribution in this way, there are others, known as ratio distributions, that are explicitly constructed in this manner and in this post we shall take a look at one of them.

*pathological*distribution. We saw that this is because it has a relatively high probability of generating extremely large values which we concluded was a consequence of its standard random variable being equal to the ratio of two independent standard normally distributed random variables, so that the magnitudes of observations of it can be significantly increased by the not particularly unlikely event that observations of the denominator are close to zero.Whilst we didn't originally derive the Cauchy distribution in this way, there are others, known as ratio distributions, that are explicitly constructed in this manner and in this post we shall take a look at one of them.

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