The normal distribution or bell-shaped curve from statistics provides an example of a continuous probability distribution curve.While calculating the probability of the occurrence of an event, we find that the area under the curve in between the desired range of profitability values is 0.562.What does this mean?
A)The probability of the occurrence of the event is 0.562 percent.
B)The probability of the occurrence of the event is 56.2 percent.
C)The probability of the occurrence of the event is 43.8 percent.
D)The probability of the occurrence of the event is 0.438 percent.
E)The probability of the occurrence can now be calculated by multiplying this number with the standard deviation.

Question

Quizplus · Accepted Answer

In probability theory, when dealing with continuous distributions like the normal distribution, the area under the curve between two points represents the probability of an event occurring within that range. Since the area is given as 0.562, this translates directly to a probability of 56.2 percent, not a percentage point or a factor needing further calculation with standard deviation.

The Normal Distribution or Bell-Shaped Curve from Statistics Provides an Example