100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary What are the characteristics of standard normal distribution $7.49   Add to cart

Summary

Summary What are the characteristics of standard normal distribution

 10 views  0 purchase
  • Course
  • Institution

What are the characteristics of standard normal distribution The HR department of an organization collects data on employees age, salary, level of education, gender, and ethnicity. Which data do you think is more likely to follow normal distribution? Explain why.ANSWER: The idea of standard norm...

[Show more]

Preview 1 out of 1  pages

  • January 1, 2021
  • 1
  • 2020/2021
  • Summary
avatar-seller
What are the characteristics of standard normal distribution The HR department of

an organization collects data on employees age, salary, level of education,

gender, and ethnicity. Which data do you think is more likely to follow normal

distribution? Explain why.

ANSWER:



The idea of standard normal distribution is thought of the probability something will

happen along a curve that has a mean of zero and a standard deviation of 1

(“Wordiq”, 2010). This can be shown with what is known at a bell curve where the

majority of occurrences happen within a certain area and within each standard deviation

the occurrences will decrease along the probability scale.

Depending on the company many of the examples could be normally distributed within

one company and not normally distributed within another company. In fact looking at the

different categories of age, salary, education, gender, and ethnicity in most companies

none are actually normally distributed. To make age normally distributed the company

would have to achieve a very low turnover rate and many of the employees would have

to stay long enough to retire from the company and only have to hire new employees

when someone retires. Salary to be normally distributed would fit with the idea that age

is also normally distributed because many times the longer you work for a company the

more money you will make and the idea that the employees will all get promoted along

with his or her peers to keep it distributed normally. Education would be the easiest

especially in companies that use manual labor for the majority of their workforce. Gender

and ethnicity are usually ones that separate the groups to establish a normal distribution

curve and by itself is not normally distributed.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller helperatsof1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

74735 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.49
  • (0)
  Add to cart