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Discuss the following in 175 words: How normal distributions play a significant role in managerial decision-making.

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Basic Math

Discuss the following in 175 words: How normal distributionsplay a significant role in managerial decision-making.

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The normal distribution which is also called a Gaussiandistribution bell curve or normal curve is commonly known forits bell shape see Figure 1 andis defined by a mathematical formula It is a member of families ofdistributions such as exponential monotone likelihood ratioPearson stable and symmetric power Many biological physicaland psychological measurements as well as measurement errors arethought to approximate normal distributions It is one of the mostbroadly    See Answer
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