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?
The properties of a normal distribution are -
Examples that how normal distribution might manifest themselves in real business situations are followings-
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.
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