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Business Statistics

The document provides an overview of normal distribution, highlighting its bell-shaped and symmetric characteristics. It explains the standard normal distribution, defined by a mean of 0 and a standard deviation of 1, and outlines the properties of the standard normal curve. Real-life examples illustrate its application in various fields, emphasizing the importance of understanding normal distribution for making predictions and decisions based on probability.

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Soujanya Lk
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11 views9 pages

Business Statistics

The document provides an overview of normal distribution, highlighting its bell-shaped and symmetric characteristics. It explains the standard normal distribution, defined by a mean of 0 and a standard deviation of 1, and outlines the properties of the standard normal curve. Real-life examples illustrate its application in various fields, emphasizing the importance of understanding normal distribution for making predictions and decisions based on probability.

Uploaded by

Soujanya Lk
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Business Statistics

Title: Standard Normal Distribution

Programme : MBA
Department : Management
Introduction to Normal
Distribution
• A normal distribution is a bell-shaped, symmetric
probability distribution.

• Key Characteristics:

• Symmetry around the mean.


• Mean, median, and mode are equal.
• The total area under the curve equals 1.
Basic graph of a normal distribution
curve.
What is a Standard Normal
Distribution?
• A special case of the normal distribution with:
• Mean = 0
• Standard deviation = 1

• Standardization Formula: Z=X−μ


• σ
• Where:
• X = raw score
• μ = mean
• σ = standard deviation
The Standard Normal Curve
The Standard Normal Curve
• The curve is bell-shaped and symmetric around the mean (0).

• Properties:
• 68% of data within ±1 standard deviation
• 95% within ±2 standard deviations
• 99.7% within ±3 standard deviations
Real-Life Examples of the Normal
Distribution
• Birthweight of Babies

• Height of Persons

• Test scores

• IQ
Conclusion
• Normal distribution is one of the most important
concepts in statistics.

• It applies to a wide range of real-world scenarios, from


education and healthcare to finance and manufacturing.

• Understanding normal distribution allows us to make


predictions and decisions based on probability.
•μ\muμ = mean
•σ\sigmaσ = standard deviation

Summary

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