GM 542 Week 2 Discussion 1 | Franklin Pierce University | Assignment Help
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GM 542 Week 2 Discussion 1 | Franklin Pierce University | Assignment Help
Discussion - Normal Distribution
The normal distribution
is one of the most popular and useful continuous probability distribution.
Because the normal distribution is symmetrical, its midpoint is the the mean
and values on the X axis are measured in terms of how many standard deviation
they lie from the mean. The area under the
curve describes the probability that a random variable has a value in a
specified interval. Discuss the technique used to find the
probability of an event that has a normal distribution.
Discussion
topics:
a)
why do we need to convert the normal distribution into a standard normal
distribution?
b)
what is the relevance of Z? how is it calculated? what does it mean?
c)
What is the meanings of ±1, 2, and 3 standard deviation symmetrical
areas?
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