Header
Home | Set as homepage | Add to favorites
  Search the Site     » Advanced Search
Sections
Syndication



The "S" Curve

by

image

 

The "S" Curve

Recall that the cumulative probability accumulates from 0 to 1 regardless of the actual distribution being summed or integrated. We can easily equate the accumulating value as accumulating from 0 to 100%. For example, if we accumulate all the values in a Normal distribution between ±1σ of the mean, we will find 68.3% of the total value of the cumulative total. We can say with 68.3% "confidence" that an outcome from a Normal distribution will fall in the range of ±1σ of the mean; the corollary is that with 31.7% confidence, an outcome will lie outside this range, either more pessimistic or more optimistic.

Integrating the Normal curve produces an "S" curve. In general, integrating the BETA and Triangular curves will also produce a curve of roughly an "S" shape. [23] Figure 2-7 shows the "S" curve.

Click To expand
Figure 2-7: Confidence Curve for the Normal Distribution
30 times read

Related news

» Calculating the Statistical Parameters of the Output Milestone
by admin posted on Oct 03,2008
» Confidence Intervals and Limits for Projects
by admin posted on Jun 04,2008
» Confidence Tables
by admin posted on Jun 04,2008
» Three-Point Estimate Approximations
by admin posted on Jun 04,2008
» The BETA Distribution
by admin posted on Jun 04,2008