Ch8 Continuous Probability.pdf

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Department
International Business
Course
International Business QNM222
Professor
Nabil Ayoub
Semester
Winter

Description
Chapter 8: Continuous Probability Distributions 8.2 Normal Distributions The normal distribution is described by two parametersand σ. So we need a separate table for normal probability for a selected set of values ofand σ. Instead, we use one table (Normal Probability Table) by standardizing the random variable, and use the following formula: Example 8.1.1 (p.272): Suppose that the daily demand for regular gasoline is normally distributed with a mean of 1,000 gallons and a standa
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