[Solution Library] DQ2: PART A: Many natural, business, and economic phenomena tend to follow approximately bell-shaped distributions. If a population has
Question: DQ2: PART A: Many natural, business, and economic phenomena tend to follow approximately bell-shaped distributions. If a population has this shape, the measurements are said to follow a normal distribution. In statistics, the normal probability distribution is the most common density function describing continuous data types. If you were to create a picture of the shape of almost any physical measurement within a homogeneous population, you would probably get the familiar bell shape.
Based on your E-text, and other readings from your rEsource area, identify an example from your workplace that illustrates the benefits of using normal probability distribution for making business decisions.
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