Session:6 The Normal Distribution
Formula Review
Introductory Business Statistics | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics
Introduction
X ∼ N(μ, σ)
μ = the mean; σ = the standard deviation
6.1 The Standard Normal Distribution
Z ~ N(0, 1)
z = a standardized value (z-score)
mean = 0; standard deviation = 1
To find the observed value, x, when the z-scores is known:
x = μ + (z)σ
z-score: z = x – μσ
or z = |x–μ|σ
Z = the random variable for z-scores
Z ~ N(0, 1)
6.3 Estimating the Binomial with the Normal Distribution
Normal Distribution: X ~ N(µ, σ) where µ is the mean and σ is the standard deviation.
Standard Normal Distribution: Z ~ N(0, 1).