Lecture 05.pptVIP

Basic Business Statistics (9th Edition) Lecture 5 The Normal Distribution (正态分布) and Other Continuous Distributions Topics The Normal Distribution(正态分布) The Standardized Normal Distribution(标准正态分布) Evaluating the Normality Assumption The Uniform Distribution(均匀分布) Continuous Probability Distributions Continuous Random Variable Values from interval of numbers Absence of gaps Continuous Probability Distribution Distribution of continuous random variable Most Important Continuous Probability Distribution The normal distribution The Normal Distribution “Bell Shaped” Symmetrical Mean, Median and Mode are Equal Interquartile RangeEquals 1.33 s Random VariableHas Infinite Range The Mathematical Model Many Normal Distributions The Standardized Normal Distribution When X is normally distributed with a mean and a standard deviation , follows a standardized (normalized) normal distribution with a mean 0 and a standard deviation 1. Finding Probabilities Which Table to Use? Solution: The Cumulative Standardized Normal Distribution Standardizing Example Example: Example: Example: Normal Distribution in PHStat PHStat | Probability Prob. Distributions | Normal … Example in Excel Spreadsheet Example: Example: Finding Z Values for Known Probabilities Recovering X Values for Known Probabilities More Examples of Normal Distribution Using PHStat More Examples of Normal Distribution Using PHStat More Examples of Normal Distribution Using PHStat More Examples of Normal Distribution Using PHStat Assessing Normality Not All Continuous Random Variables are Normally Distributed It is Important to Evaluate How Well the Data Set Seems to Be Adequately Approximated by a Normal Distribution Assessing Normality Construct Charts For small- or moderate-sized data sets, do the stem-and-leaf display and box-and-whisker plot look symmetric? For large data sets, does the histogram or polygon appear bell-shaped? Compute Descriptive Summary Measures Do the mean, med