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Turning from discrete to continuous distributions, in this section we discuss the normal distribution. This is the most important continuous distribution because in applications many random variables are normal random variables (that is, they have a normal distribution) or they are approximately normal or can be transformed into normal random variables in a relatively simple fashion. Furthermore, the normal distribution is a useful approximation of more complicated distributions, and it also occurs in the proofs of various statistical tests.
Normal Distribution, also called Gaussian Distribution, is one of the widely used continuous distributions existing which is used to model a number of scenarios such as marks of students, heights of people, salaries of working people etc.
Each binomial distribution is defined by n, the number of trials and p, the probability of success in any one trial.
Each Poisson distribution is defined by its mean.
In the same way, each Normal distribution is identified by two defining characteristics or parameters: its mean and standard deviation.
The Normal distribution has three distinguishing features:
• It is unimodal, in other words there is a single peak.
• It is symmetrical, one side is the mirror image of the other.
• It is asymptotic, that is, it tails off very gradually on each side but the line representing the distribution never quite meets the horizontal axis
Turning from discrete to continuous distributions, in this section we discuss the normal distribution. This is the most important continuous distribution because in applications many random variables are normal random variables (that is, they have a normal distribution) or they are approximately normal or can be transformed into normal random variables in a relatively simple fashion. Furthermore, the normal distribution is a useful approximation of more complicated distributions, and it also occurs in the proofs of various statistical tests.
Normal Distribution, also called Gaussian Distribution, is one of the widely used continuous distributions existing which is used to model a number of scenarios such as marks of students, heights of people, salaries of working people etc.
Each binomial distribution is defined by n, the number of trials and p, the probability of success in any one trial.
Each Poisson distribution is defined by its mean.
In the same way, each Normal distribution is identified by two defining characteristics or parameters: its mean and standard deviation.
The Normal distribution has three distinguishing features:
• It is unimodal, in other words there is a single peak.
• It is symmetrical, one side is the mirror image of the other.
• It is asymptotic, that is, it tails off very gradually on each side but the line representing the distribution never quite meets the horizontal axis
Measures of Central Tendency
Requirements of good measures of central tendency
mean, median, mode
skewness of distribution
relation between mean, median,mode
Chapter 5 part1- The Sampling Distribution of a Sample Meannszakir
Mathematics, Statistics, Population Distribution vs. Sampling Distribution, The Mean and Standard Deviation of the Sample Mean, Sampling Distribution of a Sample Mean, Central Limit Theorem
Measures of dispersion
Absolute measure, relative measures
Range of Coe. of Range
Mean deviation and coe. of mean deviation
Quartile deviation IQR, coefficient of QD
Standard deviation and coefficient of variation
Measure of dispersion has two types Absolute measure and Graphical measure. There are other different types in there.
In this slide the discussed points are:
1. Dispersion & it's types
2. Definition
3. Use
4. Merits
5. Demerits
6. Formula & math
7. Graph and pictures
8. Real life application.
Measures of Central Tendency
Requirements of good measures of central tendency
mean, median, mode
skewness of distribution
relation between mean, median,mode
Chapter 5 part1- The Sampling Distribution of a Sample Meannszakir
Mathematics, Statistics, Population Distribution vs. Sampling Distribution, The Mean and Standard Deviation of the Sample Mean, Sampling Distribution of a Sample Mean, Central Limit Theorem
Measures of dispersion
Absolute measure, relative measures
Range of Coe. of Range
Mean deviation and coe. of mean deviation
Quartile deviation IQR, coefficient of QD
Standard deviation and coefficient of variation
Measure of dispersion has two types Absolute measure and Graphical measure. There are other different types in there.
In this slide the discussed points are:
1. Dispersion & it's types
2. Definition
3. Use
4. Merits
5. Demerits
6. Formula & math
7. Graph and pictures
8. Real life application.
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NABARD
Functions of NABARD
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Interest rates
Developmental functions
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Impact of Ethnobotany in traditional medicine,
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2. Normal Distribution (1)
The normal distribution is a descriptive model
that describes real world situations.
It is defined as a continuous frequency
distribution of infinite range (can take any
values not just integers as in the case of
binomial and Poisson distribution).
This is the most important probability distribution
in statistics and important tool in analysis of
epidemiological data and management
science.
3. Normal Distribution (2)
The normal distribution was first discovered by
Abraham de Moivre, a French mathematician he
published an article on Doctrine of Chances in
1733.
Later it was applied in natural and social science by
Laplace in 1777.
The Normal Distribution is also known as
Gaussian distribution in honor of Karl Friedrich
4. Normal (Gaussian) Distribution
Z Score (Standard Score)
Z = X – μ
SD
(X=Observed Mean, μ=Population mean)
Z indicates how many standard deviations away from the mean
the point x lies.
Z score is calculated to 2 decimal places.
Tables
Areas under the standard normal curve
5. Characteristics/Properties of Normal
Distribution
It has two parameters – mean μ and SD
Mean = Median = Mode all are equal
The mean of the distribution can be any numerical value
(Negative, Zero or Positive)
It is symmetric about mean – (Mirror image)
SD determines how flat and wide the normal curve is
The total area under the curve for the ND is 1 (or 100%)
In a Standard Normal Distribution: The mean (μ ) = 0 and
Standard deviation (σ) =1
6. Characteristics/Properties of Normal
Distribution (2)
The percentage of values in some commonly
used intervals are:
a) 68.3% of the values of a Normal random variable
are within plus or minus ± one SD of its mean
b) 95.4% of the values of a Normal random variable
are within plus or minus ± two SD of its mean
c) 99.7% of the values of a Normal random variable
are within plus or minus ± three SD of its mean
8. Application/Uses of ND
It’s application goes beyond describing
distributions
It is used by researchers and modelers.
The major use of normal distribution is the role it
plays in statistical inference.
The z score along with the t –score, chi-square
and F-statistics is important in hypothesis testing.
It helps managers/management make decisions.