Chapter 04 the Normal Distribution 商务统计英文版教材.pptVIP

COMPLETE BUSINESS STATISTICS;Chapter 4 ;Using Statistics Properties of the Normal Distribution The Template The Standard Normal Distribution The Transformation of Normal Random Variables The Inverse Transformation The Normal Approximation of Binomial Distributions;Identify when a random variable will be normally distributed Use the properties of normal distributions Explain the significance of the standard normal distribution Use normal distribution tables to compute probabilities Transform a normal distribution into a standard normal distribution Convert a binomial distribution into an approximate normal distribution Use spreadsheet templates to solve normal distribution problems;As n increases, the binomial distribution approaches a ...;If several independent random variables are normally distributed then their sum will also be normally distributed. The mean of the sum will be the sum of all the individual means. The variance of the sum will be the sum of all the individual variances (by virtue of the independence). ;If X1, X2, …, Xn are independent normal random variable, then their sum S will also be normally distributed with E(S) = E(X1) + E(X2) + … + E(Xn) V(S) = V(X1) + V(X2) + … + V(Xn) Note: It is the variances that can be added above and not the standard deviations. ;Example 4.1: Let X1, X2, and X3 be independent random variables that are normally distributed with means and variances as shown. ;If X1, X2, …, Xn are independent normal random variable, then the random variable Q defined as Q = a1X1 + a2X2 + … + anXn + b will also be normally distributed with E(Q) = a1E(X1) + a2E(X2) + … + anE(Xn) + b V(Q) = a12 V(X1) + a22 V(X2) + … + an2 V(Xn) Note: It is the variances that can be added above and not the standard deviations. ;Example 4.3: Let X1 , X2 , X3 and X4 be independent random variables that are normally distributed with means and variances as shown. Find the mean and variance of Q = X1 - 2X2 + 3X2 - 4X4 + 5 ;Computing the Mean, Va