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About 68% of the values fall within one standard deviation of the mean, and about 95% fall within two standard deviations of the mean. How
About 68% of the values fall within one standard deviation of the mean, and about 95% fall within two standard deviations of the mean. How does that apply to the manufacturing of aircraft or cars? Examples where a company would use information based on income, height, weight, age, or other demographics to produce products? Industry, company, or product that you think uses (or should use) the normal distribution to aid in the design or marketing of a product.
- Would using the normal distribution would be advantageous for the company? Why or why not?
- What are some ethical ramifications of designing products using information based on the normal distribution?
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