Cuesta Lealyn C.

ACC324L (10236)

Prof. William Sucuahi, CPA

1. Normal distribution of data set is an extremely important concept because

numerous continuous variables common in business have distribution set that
closely resemble the normal distribution. It can also be used to approximate
various discrete probability distributions and provides the basis for classical
statistical inference because of its relationship to the central limit theorem.

2. Data sets are normally distributed when the mean, median, and mode are all
equal. Also, every normal distribution has a bell-shaped curve that is
symmetric about a vertical line through the mean of the distribution. In an
idealized normal distribution of a continuous random variable, the distribution
continues infinitely in both directions.

3. A. 0.9418 or 94.18%

B. 0.0329 or 3.29%

C. 0.0253 or 2.53%

D. 0.9747 or 97.47%

4. A. 0.4082 or 40.82%

40.82%

Miles in thousands 34 50
Z values
-1.33 0
 B. 25.08%

4.75% 20.33%

Miles in thousands 30 50 60
Z values
-1.67 0 0.83

C. 39,920 miles

80%
39,920

Miles in thousands 50
Z values
-0.84 0

D. If: a. 0.4452 or 44.52%

44.52%

Miles in thousands 34 50
Z values
-1.6 0

b. 86.41%
 84.13%
2.28%

Miles in thousands 30 50 60
Z values
-2 0 1

c. 41,600 miles

80%
41,600

50