Collaborative Exercise
Chapter 6: The Normal Distribution and The Central Limit Theorem
The normal distribution, a continuous distribution, is the most important of all the distributions. It is widely used and even more widely abused. Its graph is bell-shaped. You see the bell curve in almost all disciplines. Some of these include psychology, business, economics, the sciences, nursing, and, of course, mathematics. Some of your instructors may use the normal distribution to help determine your grade. Most IQ scores are normally distributed. Often real-estate prices fit a normal distribution. The normal distribution is extremely important, but it cannot be applied to everything in the real world.
In this chapter, you will study the normal distribution, the standard normal distribution, and applications associated with them.
a continuous random variable (RV) with pdf [latex]f\text{(}x\text{)}=\frac{1}{\sigma \sqrt{2\pi }}{e}^{–{\left(x–\mu \right)}^{2}/2{\sigma }^{2}}[/latex], where μ is the mean of the distribution and σ is the standard deviation, notation: X ~ N(μ,σ). If μ = 0 and σ = 1, the RV is called the standard normal distribution.