This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: List the characteristics of the standardized normal distribution and explain why it is a useful ... (Read 68 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 28, 2018
List the characteristics of the standardized normal distribution and explain why it is a useful distribution in inferential statistics.

Question 2

The best way for a company to assess its corporate strengths is in terms of absolute measures.
 a. True
  b. False
 Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 28, 2018
Answer to Question 1

The characteristics of the standardized normal distribution are as follows:
(1) It is symmetrical about its mean.
(2) The mean identifies the normal curve's highest point (the mode) and the vertical line about which this normal curve is symmetrical.
(3) The normal curve has an infinite number of cases (it is a continuous distribution), and the area under the curve has a probability density equal to 1.0.
(4) The standardized normal distribution has a mean of 0 and a standard deviation of 1.

The standardized normal distribution is a purely theoretical probability distribution, but it is the most useful distribution in inferential statistics. It is valuable because we can translate, or transform, any normal variable, X, into the standardized value, Z. The standardized normal table in the back of most statistics and marketing research books allows us to evaluate the probability of the occurrence of many events without any difficulty.

Answer to Question 2

False


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 28, 2018
Great answer, keep it coming :)

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Sickled and normal red blood cells Sickled and normal red blood cells
Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event
A) Normal bronchiole and (B) bronchiole constricted in asthma attack. A) Normal bronchiole and (B) bronchiole constricted in asthma attack.
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
A comparison of a normal erythrocyte with sickle-cell anemia A comparison of a normal erythrocyte with sickle-cell anemia
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library