Normal distribution Flashcards
Symbols for normal distribution
μ is the mean
σ2 is the variance
σ is the standard deviation
The continuous random variable can follow a normal distribution if:
- The distribution is symmetrical
- The distribution is bell-shaped
When can I use a normal distribution to approximate a binomial distribution?
- n is large (large number of trials)
- p is close to 0.5
The mean and variance of a binomial distribution can be calculated by:
μ=np
σ^2=np(1-p)
How do I approximate a probability?
STEP 1: Find the mean and variance of the approximating distribution
STEP 2: Apply continuity corrections to the inequality
STEP 3: Find the probability of the new corrected inequality
Use the “Normal Cumulative Distribution” function on your calculator
The probability will not be exact as it is an approximate but provided n is large and p is close to 0.5 then it will be a close approximation