Application of normal distribution in real life

Reference no: EM13100175

Briefly discuss probability distributions. What is a normal distribution? Please provide a written example of how 'understanding distribution' can be an asset for any business project.

Reference no: EM13100175

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Experiment to test the potency of a drug : An experiment is designed to test the potency of a drug on 20 rats. Previous animal studies have shown that 10-mg dose of the drug is lethal 5% of the time within the first 4 hours; of the animals alive at 4 hours, 10% will die in the next 4 hours..

What effect did the acid have on the enzyme : Design an experiment in which you will test the effect of an acidic fluid on enzymatic activity. (Recall: enzymes are proteins.) To complete this project.

Car rental insurance-risk analysis : Suppose that a car rental agency offers insurance for a week that will cost $10 per day. A minor fender bender will cost $1,200 while a major accident might cost 10,000.

Customer relationship management : STUPID Inc. is an acronym for Strategic Topical Use of Pancron for Individual Dosage Incorporated. The company makes the drug Pancron for individual use in treating Urinary Dysfunction Disease - in direct opposition to FDA recommendations.

Application of normal distribution in real life : Briefly discuss probability distributions. What is a normal distribution? Please provide a written example of how 'understanding distribution' can be an asset for any business project.

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Binomial random probability : Consider the following two binomial experiments. In a binomial experiment consisting of six trials, how many outcomes have exactly one success and what are these outcomes?

Genophore is a term coined by hans ris to denote : Genophore is a term coined by Hans Ris to denote.

Upper and lower control limits for a p-chart : If 30 Samples of 100 items are tested for nonconformity, and 95 of the 3000 items are defective, find the upper and lower control limits for a p chart.

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