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What are the characteristics of standard normal

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Reference no: EM13464826

1.What are the differences between probability and coincidence? Can the probability be more than 1 or less than 0? Explain why or why not.

 

2.What is the role of probability concepts in business decision-making? Provide specific examples.

 

3.What are the basic differences between a discrete and a continuous distribution?

 

4.What are the characteristics of standard normal distribution? Explain how to calculate the z-test static. Explain how a z-value is used to calculate the area under the distribution and the meaning of P(0 to z) when z = 1.96.

Reference no: EM13464826

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