Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Research Expert

Importance of Normal Distribution

Normal distribution  plays  a very  important  role in  statistical  theory  and in  particular  in sampling theory. It has  been  found  that:

a.Data  obtained  from  psychological  physical  and biological measurements  approximately follow normal  distribution .I. Q  scores heights and  weights  of individuals  diameters of machines  parts lengths of tobacco leaves are example of  measurements which are normally distributed  or nearly no.

b. Distribution like binomial  Poisson  etc can be  approximated to normal distribution,

If the number  of trials  nis   indefinitely large  and  neither  p nor q is very   small than binomial  distribution  tends  of normal  distribution.

 If the  parameter  m is  indefinitely large ( i, e, if m ) then  Poisson distribution  tends to normal distribution.

c.For large  samples  any  statistic  ( i ,e,  sample mean s, d, etc)  approximately  follows  normal  distribution  and such  it can be  studied with  the help  of normal  curve.

d.Normal  curve  is used  to find confidence  limits  of the  population  parameters.

e.Normal  distribution  are largely applied  in statistical quality  control  in industry  for  finding  control  limits.

f.The theory  of errors  of observation  in physical  measurements  is based  on normal  distribution.

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M9526260

Have any Question?


Related Questions in Operation Research

Real estate property analysisresearch the property you

Real Estate Property Analysis Research the property you selected in your Local Real Estate Opportunities activity. Using the newspaper listing from your exploration, either go online to the real estate agency that is lis ...

Your presentation should include the followingintroduction

Your presentation should include the following: Introduction (5-6 slides) Explain the importance of evidence-based decision making in health care. Discuss how this evidence applies to patient care outcomes, financial out ...

Assignment requirementassignment reflective writing aims to

Assignment Requirement Assignment Reflective writing aims to get you to think about your learning and understand your learning experiences. When students writing Assignment 3 need to follow steps: 1. Evaluate the effecti ...

Explain the mathematical system of or and linear

Explain the Mathematical system of OR and linear programming

Assignment - country analysis this is a marketing and

Assignment - Country Analysis This is a marketing and analysis paper on two countries, South Korea and India. The objective is to determine if both countries are a great market for TESLA to expand their business in a glo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As