Quantitative Methods Questions
The normal distribution, also known as the Gaussian distribution or bell curve, is a probability distribution that is symmetric and bell-shaped. It is characterized by its mean and standard deviation. In a normal distribution, the majority of the data falls near the mean, with fewer data points further away from the mean. The shape of the distribution is determined by the mean and standard deviation, with a higher standard deviation resulting in a wider and flatter curve. The normal distribution is widely used in statistics as it allows for the analysis and interpretation of data using various statistical techniques.