We have learned that in a unimodal symmetric distribution, 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? Can you think of examples where a company would use information based on income, height, weight, age, or other demographics to produce products?
Select an industry, company, or product that you think uses (or should use) the normal distribution to aid in the design or marketing of a product. Do some research on the industry, company, or product if needed.
Identify the industry, company, or product you selected, and then discuss the following in your initial response. Be sure to include a reference.
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?
