Application of Normal Distribution [In Real Life] ... Application of Normal Probability Distribution

In this video you will get elementary understanding of application of normal probability distribution. It is one of the types of continuous probability distribution.
A real-life application of solving a business problem using the normal probability distribution is discussed.
The tutorial also tries to clarify certain concepts around standard deviation, z-tables, z-transformation and confidence interval.
Additionally, the tutorial also imparts knowledge on how to use the functionality in Excel instead of referring to the cumbersome z-tables in Statistics books.
What is Probability Distribution in Real Life? : • What is Probability Di...
Application of Probability Distribution (Part 1) : • Application of Probabi...
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[@LearningPuree]

Please note .. at 6:50, NORMSDIST(1) = 0.841345 instead of 0.773373. The calculation otherwise is correct. i.e. 1 - 0.841345 = 0.158655. The present figure in the video is a typo error. The calculations and commentary in the video remain unaffected.

[@samvhora9076]

any extra information from you is appreciated .

[@LearningPuree]

More videos will keep coming. Latest one has been released.

[@OldTracksMelody]

Thank you

[@LearningPuree]

You're welcome😀

[@prathyusha3993]

sir i tried using poisson distribution to predict the number of calls at a call center in a day..but when i calculated the probability i get 0.00004 like values

[@LearningPuree]

Please check the data and input values as per definition and as required in the equation. Sometimes low probabilities are not uncommon!

[@anantdate8440]

👍

[@LearningPuree]

👍

[@aster4405]

I think there's an error in 6:50 , it's supposed to be 1 - 0.841345 = 0.158655

[@LearningPuree]

Samuel, Thanks for pointing it out! 👍 I checked that the calculation has the correct figure i.e. 0.841345. Hence, we get, 0.158655. However, not sure how this got missed out in the Slide. Probably, too much sore eyes with the editing 😀. The rest of the calculation and commentary is accurate and not affected! 👍👍😀