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Normal Distribution and Marketing

When is understanding the normal distribution and the factors that affect its shape important in solving business and marketing-related questions? Explain with a simple example.

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The normal distribution is often used to describe random variables that have symmetrical, unimodal distributions. However, the bell shaped curve of the normal distribution is only a rough approximation ...

Solution Summary

The solution explains how normal distribution is often used to describe random variables that have symmetrical.

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