Probability and normal distribution

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  195140 Z-score for Normal Distribution and Continuous Probability What is the relationship between the Z-score for Normal Distribution and Continuous Probability? Z-score for normal distribution is an example of continuous probability.

• How the following statistical devices can be used in business today?

  For example the monthly return for a particular stock is approximately a normal random variable and the probability distribution for the weekly sales of a corporation might be approximated by a normal probability distribution.

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  In each of these problems you first write the probability statement in terms of X. Then you convert the normal distribution to a standard normal distribution by subtracting the mean and then dividing by the standard deviation.

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  Solution: Probability can be found directly by looking at take but for normal distribution first we convert to standard distribution and find area under curve.

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  178946 Normal probability distribution characteristics Which of the following is not a characteristic of the normal probability distribution? a. It is a discrete probability distribution. b.

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• Normal Probabilities - Using Z Score

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• Standard Normal Distribution

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• Explain the difference between a discrete and a continuous random variable.

  See attached This solution provides answers to various questions involving probability including continuous random variables, probability distribution, binomial random variables, binomial distributions, and normal distributions.

• Normal Probability Plots

  (2) Normal Probability plot can often be used to approximate other probability distributions, such as the binomial and Poisson distribution.