StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Significance of Normal Distribution - Essay Example

Cite this document
Summary
In the paper “Significance of Normal Distribution,” the author focuses on a mathematical model of the frequency distribution of a set of variable data. A bell-shaped symmetrical curve on the mean basically represents this model and is also called the Gaussian distribution - Gauss…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
Significance of Normal Distribution
Read Text Preview

Extract of sample "Significance of Normal Distribution"

In most cases, it is not feasible to gather data on the whole target population. Supposed an entrepreneur plans to invest in a shopping mall in a certain locality and decides to sell more items of clothing. He might be interested to know the body sizes of the people within the perimeter from the store, however, he finds it impossible to collect all the data about the residents. Then, if the data subset or sample size of the population of interest can be considered instead of including the entire population.

Hence, repeating the data gathering procedure would most likely lead to a different group of numbers. A framework or representation of the distribution is used to provide some sort of consistency to the results. Using normal distribution is very important since it provides an appropriate description of the measures of the variables (height, weight, age, economic profile, reading ability, job satisfaction, work performance, memory, life span, and many others) precisely and normally distributed.

The normal distribution can be effectively used to describe with accuracy, any factor or variable which tends to clump or agglomerate surrounding the mean. For example, the heights of children ages 6 in the United States are just about to be normally distributed, with a mean of about 4 ft. Most children have a height that is close to the mean, although there is a small number of "outliers" in which height is significantly higher or below the mean. Through the use of a histogram, heights of children will appear the same as a bell curve, with the correspondence that is becoming closer if and when more data is used.

In addition, the normal distribution is so significant due to the fact that it is so easy to prepare and work with it. The approximations are beneficial and faster to estimate or compute by hand. Students can do it by themselves with minimum instruction, besides, several types of statistical tools can be derived out of using normal distributions. Fortunately, these tests derived from normal distribution work very well although the distribution is only more or less normally distributed.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Significance of Normal Distribution Essay Example | Topics and Well Written Essays - 250 words, n.d.)
Significance of Normal Distribution Essay Example | Topics and Well Written Essays - 250 words. https://studentshare.org/business/1531940-significance-of-normal-distribution
(Significance of Normal Distribution Essay Example | Topics and Well Written Essays - 250 Words)
Significance of Normal Distribution Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1531940-significance-of-normal-distribution.
“Significance of Normal Distribution Essay Example | Topics and Well Written Essays - 250 Words”. https://studentshare.org/business/1531940-significance-of-normal-distribution.
  • Cited: 0 times

CHECK THESE SAMPLES OF Significance of Normal Distribution

Business Data Analysis Issues

Relative Frequency distribution for the First and Second Quarter Average Order Size Combined Order Size Intervals Frequency Relative Frequency 0-20 0 0.... Relative Frequency distribution for the First Quarter Average Order Size Order Size Intervals Frequency Relative Frequency 0-20 0 0.... Relative Frequency distribution for the Second Quarter Average Order Size Order Size Intervals Frequency Relative Frequency 0-20 0 0.... Relative Frequency distribution for the Third Quarter Orders Q3 Order Intervals Frequency Relative Frequency 100-110 0 0....
23 Pages (5750 words) Essay

The role of mean variance analysis in the area of portfolio management

The mean and the variance are the first two moments of any distribution and if the returns of the portfolio follow a normal distribution, then it is fully characterized by just the first two mom... However, Mean-Variance analysis of portfolio management has the following drawbacks: Prudent investors may be concerned with more than just the mean and the variance of the distribution of returns.... But, the importance of risks and returns of individual assets is limited to the significance it has for the risk and return of the entire portfolio (Linter, 1965)....
4 Pages (1000 words) Essay

The Normal Distribution and Probability

Whereas mean refers to the average of scores, mode provides the most frequent score while the median is indicates a score that which is in the middle of a distribution.... It is clear that median is an effective measure as it divides the distribution into lower and upper halves.... Given that the median helps to do away with influences associated with too much of one or two scores on the extremes of any given distribution, it thus emerges as the measure of choice in variability....
4 Pages (1000 words) Essay

Normal Distribution

normal distribution curves are used to describe the trends of a given data to cluster around the mean.... This paper seeks to identify whether the normal distribution is an accurate statistic method for analyzing a given system behavior.... Using the collected data, frequency distribution graph and normal distribution curves are drawn.... The normal distribution table is then subjected to the X 2 tests.... From the results obtained a conclusion is drawn as to whether normal distribution curves are suitable for analysing any system behavior....
10 Pages (2500 words) Essay

The Problem Of Planning

The paper "The Problem Of Planning" discusses how the researcher may be able to obtain approximate results about the behavior of the distribution of an estimator as the sample size becomes large.... hellip; Relative to the objectives of the study, sample distribution must be of adequate size....
4 Pages (1000 words) Essay

The Utility of the Normal Distribution

Normal distributions possess numerous convenient properties of random variables with underlying unknown distributions and they all assume the application of normal distribution in physics and astronomy (Roe, 234-256).... normal distribution which is also known as Gaussian distribution is normally observed and utilized as the commencing position of modeling numerous natural processes.... Normal… Gaussians also aids in minimizing of the entropy for particular energy that mainly pertain to the conserved quadratic quantity energy of the normal distribution was mainly advanced as an approximation to the binomial distribution (Roe, 234-256)....
5 Pages (1250 words) Research Paper

Introduction to Statistics Questions and Calculations

So, the data is having some deviation from the normal distribution.... Since both data (subject 1 and subject 2) are having 30 values, the sample is considered to be large and the distribution concerned with this is the normal distribution.... nbsp;Table showing the distribution of grades for both subjects, the number of hours of study, and the exam results.... 1 is much higher than the normal range....
6 Pages (1500 words) Assignment

Companies Statistics Analysis

n describing the shape of the two distributions for the Air Arabia Price and Value curves, a researcher has to consider different parameters including:- The standard deviations and the mean;- The mean, mode, and median of the normal distributions should be equal;- The symmetry of the curves;- Whether the area under curves equates to 1;- Skewness and kurtosis of the distribution lie -3 to +3 and -2 to +2 respectively.... he distribution curve for the prices is normally distributed as indicated by Output 1 of the Excel Sheet....
8 Pages (2000 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us