The Normal Curve

Rhoda Okunev

Chapter Chapter 2 in Analytics for Retail, 2022, pp 15-21 from Springer

Abstract: Abstract This chapter introduces the most important and widely used distribution in statistics: the normal curve. The normal distribution is bell shaped and is the most basic of all the distributions and the easiest to analyze and understand. The data that is used to answer your business questions should form a normal distribution, which is when you have a random sample of data large enough or even a small sample that initially comes from a normally distributed population, or both. It occurs when all the basic measures of central tendency are equal—the mean, median, and mode. Or, in real life, these measures should be approximately equal.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4842-7830-7_2

Ordering information: This item can be ordered from
http://www.springer.com/9781484278307

DOI: 10.1007/978-1-4842-7830-7_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().