Question

Describe the properties of a normal distribution, and provide some examples of how they might manifest...

Describe the properties of a normal distribution, and provide some examples of how they might manifest themselves in real business situations. Why is the Normal distribution important in Statistics? How do we check whether the data collected in a research project comes from a Normal distribution?

Homework Answers

Answer #1

The properties of a normal distribution are -

  • Symmetric
  • Unimodal
  • Asymptotic
  • The numerical value of the mode, the mean and median is same

Examples that how normal distribution might manifest themselves in real business situations are followings-

  • Occasionally lifespans of manufactured parts or equipment form a normal distribution
  • Height, weight and blood pressure of men and women naturally follow a normal distribution

The normal distribution is important in statistics because this probability distribution fits many natural occurrences and describes how the values of a variable are distributed. The normal distribution makes the calculation easy in statistics.

To check whether the data collected in a research project comes from a Normal distribution; generally normality tests are conducted on the data set to determine. One of such method is to testing normality to compare a histogram of the sample data with a normal probability curve.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Last week we looked at the properties of the normal distribution and have found that it...
Last week we looked at the properties of the normal distribution and have found that it is the basis for much of inferential statistics. But not all data follows that normal distribution. Are we in trouble? No. Enter the Central Limit Theorem (CLT). What is the CLT? Why does it make the use of the common inferential tools possible even if the raw data is not distributed normally?
Define project. Define the term project objective, and give some examples. List some examples of resources...
Define project. Define the term project objective, and give some examples. List some examples of resources that are used on a project. What role does a customer have during the project life cycle? Why is it important to satisfy the customer? What aspects of a project might involve some degree of uncertainty? Why? Define scope, schedule, cost, and customer satisfaction. Why are these considered to be constraints? List and describe the main phases of the project life cycle. List and...
Research and provide examples of some “do’s” and “don’ts” when conducting parent-teacher conferences. How will you...
Research and provide examples of some “do’s” and “don’ts” when conducting parent-teacher conferences. How will you prepare? What are some important items to remember that you could put on a checklist to do before, during, and after a parent-teacher conference?
1. Please describe the main categories of data that you may find while conducting data analytics,...
1. Please describe the main categories of data that you may find while conducting data analytics, provide some examples of these categories, and explain why it is important to know these categories when performing business-analytic. 2. Define business analytics. Make sure to include a description of the different types of analytics as defined by the Institute for operations research and management science (INFORMS)
1.) Describe 5 different types of data distributions. You may include jpegs or bitmaps. Provide 2...
1.) Describe 5 different types of data distributions. You may include jpegs or bitmaps. Provide 2 examples of a variable that is representative for each distribution. You may not use the standard normal. t-distribution, F-distribution, Chi-Square distribution, Binomial distribution, or uniform distribution. These distributions are all covered in the course. 2.) Briefly summarize three different types/approaches to testing data for normality. 3.) In many cases, your homework problems state, "assume the data is normally distributed". Why is testing for normality...
Explain why depression is a hypothetical construct instead of a concrete variable. Describe how depression might...
Explain why depression is a hypothetical construct instead of a concrete variable. Describe how depression might be measured and defined using an operational definition. TIP: The more details you provide for the operational definition the better your mark. It should be your OWN definition not a psychological test used already. Doing some research on what are clinical indicators for depression will help you better answer this question.
Identify and describe your business (e.g. Clothing Store, Landscaping business, Delivery service, or Restaurant). Provide two...
Identify and describe your business (e.g. Clothing Store, Landscaping business, Delivery service, or Restaurant). Provide two examples of long-term assets that the business owns. Classify the asset (i.e. building, equipment, furniture & fixtures, etc.) What depreciation method will you use to depreciate this asset? Explain Why. How does depreciation affect the income statement and balance sheet? Explain how depreciation might affect your decisions to purchase expensive equipment or real estate. Support your content with at least one credible source. Please...
Why does the scheduling function depend on the planning function? Which one must be done first?...
Why does the scheduling function depend on the planning function? Which one must be done first? Why? Describe what an activity estimated duration is. How is it determined? Why might a contractor prefer to state a project completion time in terms of number of days after the project starts rather than a specific date? Give some examples of instances when this would be appropriate. Why is it important to determine the critical path of a project? What happens if activities...
Assume that you wanted to expand your Learning English business to other non-U.S. countries where some...
Assume that you wanted to expand your Learning English business to other non-U.S. countries where some individuals may want to speak English. a.   Explain why you might be able to stabilize the profits of your total business in this manner. Review the motives for direct foreign investment that are identified in this chapter. Which of these motives are most important? b.  Why would a city such as Montreal be a less desirable site for your business than a city such as Mexico...
Describe the continuity correction (covered in an earlier course unit), and explain how, when, and why...
Describe the continuity correction (covered in an earlier course unit), and explain how, when, and why it is used in statistics. Don't limit your thinking to the most common example given of this corrective step: approximation of binomials using the Normal distribution. While that is an example of such a correction, it is only one example. (Hint: You could compare the development of this correction logic for discrete distributions to the use of integration against continuous distributions.) Discuss the more...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT