How could calculating a z help in a business situation

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Give an example from everyday life where you could use the Normal distribution to determine the probability of something.

What is a z score and how could calculating a z help you in a business situation?

How does a box plot relate to the normal distribution? In what ways are they similar? In what ways are they different?

When working with the normal distribution to find probabilities, we often have to subtract the probability value that we found in the table from .5. Why do we do this? What is a good way to remember when to subtract from .5 or not?

Some teachers grade on a curve using the normal distribution to even out the scores. What do you think of this practice?

Reference no: EM13157633

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