For the Normal Distribution, the Mean Plus and Minus 1

question 1

Short Answer

For the normal distribution, the mean plus and minus 1.96 standard deviations will include what percent of the observations?

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Definitions:

Prediction

The act of forecasting future events or outcomes based on current or past information.

Evidence-Based Management

The systematic use of empirical data and scientific findings to inform managerial decision-making and organizational practices.

Human Relations Movement

A critique of classical management and bureaucracy that advocated management styles that were more participative and oriented toward employee needs.

Bureaucracy

Max Weber’s ideal type of organization that included a strict chain of command, detailed rules, high specialization, centralized power, and selection and promotion based on technical competence.