ABSTRACT
A normal distribution is the most important probability distribution, or frequency of occurrence,
to describe a continuous random variable. It is widely used in statistical analysis. The concept was developed by the German, Karl Friedrich Gauss (1777-1855) and is thus it is also known as the Gaussian distribution. It is valuable to understand the characteristics of the normal distribution as this can provide information about probability outcomes in the business environment and can be a vital aid in decision-making.
