Lecture Statistical techniques in business and economics: Chapter 7 - Lind, Marchal, Wathen
Lecture Statistical techniques in business and economics: Chapter 7 - Lind, Marchal, Wathen
When you have completed this chapter, you will be able to: Explain how probabilities are assigned to a continuous random variable, explain the characteristics of a normal probability distribution, define and calculate z value corresponding to any observation on a normal distribution, determine the probability a random observation is in a given interval on a normal distribution using the standard normal distribution, use the normal probability distribution to approximate the binomial probability