ILLUSTRATING A NORMAL RANDOM VARIABLE AND ITS CHARACTERISTICS
SKEWNESS
Skewness is the measure of the symmetry or asymmetry of a probability distribution.
Formula: SK = 3(Mean − Median) / Standard Deviation
Interpretation:
• Highly skewed: SK < −1 or SK > +1
• Moderately skewed: SK between −1 and −0.5 or +0.5 and +1
• Symmetrical: SK between −0.5 and +0.5
TYPES OF DISTRIBUTION
Positively Skewed (Right-Skewed): Mean > Median, longer right tail.
Negatively Skewed (Left-Skewed): Mean < Median, longer left tail.
Normal Distribution: Mean = Median = Mode.
NORMAL DISTRIBUTION
Also known as Gaussian Distribution.
It is symmetrical and bell-shaped where the mean, median, and mode coincide.
PROPERTIES OF THE NORMAL CURVE
1. Bell-shaped and unimodal
2. Symmetrical about the center
3. Mean = Median = Mode
4. Width determined by standard deviation
5. Tails extend infinitely
6. Total area under the curve equals 1
STANDARD NORMAL DISTRIBUTION
Mean = 0
Standard Deviation = 1
COMPARING NORMAL DISTRIBUTIONS
a. Different means, same standard deviation: same shape, different centers.
b. Same mean, different standard deviations: same center, different spreads.
c. Different means and different standard deviations: different centers and shapes.