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(μσ)

μ = the meanσ = 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 = |xμ|σ

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Z = the random variable for z-scores

Z ~ N(0, 1)

6.3 Estimating the Binomial with the Normal Distribution

Normal Distribution: X ~ N(µσ) where µ is the mean and σ is the standard deviation.

Standard Normal Distribution: Z ~ N(0, 1).

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