Normal Probability Distribution - Applications

This topic introduces the basic concept of Normal Distribution, which is the most common type of Continuous Probability Distribution.

Lesson 1 of 3: Learning Outcomes

Learning Outcomes.jpg

At the end of this lesson, you should be able to:

Solve real-life business problems by applying concepts of the Normal distribution.

Lesson 2 of 3: Binary Subtraction Using Complements

Applications

Now that you have learnt the basic concept of a Normal Distribution as well as how to calculate its probability, we shall have 2 examples to solve real life business problems.

Example 1.png

Step 1 : Find the z score
Step 2: Express in the form P (z ≤ k)
Step 3: Obtain the required probability value from the standard normal table

Example 2.png

Step 1 : Find the z score
Step 2: Express in the form P (z ≤ k)
Step 3: Obtain the required probability value from the standard normal table

Lesson 3 of 3: Knowledge Check (10 mins)

Knowledge Check.png

(a) Enter your answers (4 decimal places):