Continuity Correction Factor:
IMPORTANT: When using a continuous distribution in place of a discrete
distribution, we need to compensate and do so by using the CONTINUITY
Continuity Correction Factor Since a finite number of values can
Central Limit Theorem:
Tire Company Example: A tire company finds the lifespan for one brand of its tires is normally
distributed with a mean of 48,900 miles and a standard deviation of 5000 miles.
o If the manufacturer is willing to replace around 10% of
Important Items to Remember for Distribution:
Things to remember:
- Many things in life are Normally Distributed.
- We can use the thermometer table for any Normal Distribution: z=(x-mean)/SD
- The z-score tells us 2 things: distance from the mean AND dir