What Quantity Appears on the Vertical Axis of a Normal Distribution? A Student Survey

23 Pages Posted: 27 Aug 2018 Last revised: 5 Apr 2021

See all articles by J. Scott Chaput

J. Scott Chaput

University of Otago - Department of Accountancy and Finance

Timothy Falcon Crack

University of Otago

Olena Onishchenko

University of Otago

Date Written: April 1, 2021

Abstract

How accurately can final-year students majoring in statistics, physics, and finance label the vertical axis of a normal distribution, explain their label, identify units, and answer a question about the impact of horizontal-axis rescaling? Our survey finds that only 27 out of 148 students surveyed (i.e., 18.2%) could label the vertical axis of the normal distribution correctly, and of these, only five students (i.e., 3.4%) could explain their label. Performance on individual survey questions differed by degree program, as might be expected, but overall survey performance varied very little, ranging between only 8.8% and 12.5% of survey questions answered correctly across degree programs. Common misconceptions included labeling the vertical axis as "probability," "count," or "frequency." To address these demonstrated gaps in statistics education, we give counterexamples to show why these labels cannot be correct; we explain why "probability density" is the correct label; and we give an intuitive explanation of probability density and its units. We also discuss the impact of horizontal-axis rescaling, and we indicate how the units of probability density change if the probability density function is for a bivariate or trivariate distribution instead of a univariate distribution. This paper is intended for all levels of statistical education.

Keywords: probability density; linear denisty; pdf; pmf; cdf; resclaing

JEL Classification: A20

Suggested Citation

Chaput, J. Scott and Crack, Timothy Falcon and Onishchenko, Olena, What Quantity Appears on the Vertical Axis of a Normal Distribution? A Student Survey (April 1, 2021). Available at SSRN: https://ssrn.com/abstract=3229568 or http://dx.doi.org/10.2139/ssrn.3229568

J. Scott Chaput

University of Otago - Department of Accountancy and Finance ( email )

Dunedin
New Zealand
64-3-479-8104 (Phone)
64-3-479-8193 (Fax)

Timothy Falcon Crack (Contact Author)

University of Otago ( email )

P.O. Box 56
Dunedin, Otago 9010
New Zealand

Olena Onishchenko

University of Otago ( email )

P.O. Box 56
Dunedin, Otago 9010
New Zealand

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
423
Abstract Views
2,448
rank
88,768
PlumX Metrics