quantitative analysis

Learning objectives:  The normal distribution

 

1. Distinguish between normal and non-normal distributions.

2. Identify and handle outliers and transform data in order to meet assumptions of normality when solving managerial problems.

3. Explain and apply the empirical rule that can be used to determine the percentage of data within a specified number of standard deviations from the mean.

4. Explain what z-scores are, how they are computed, and how they can be used managerially.

5. Use the standard normal probability distribution table and Excel to compute probabilities for normal distributions.