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This video teaches about z-scores and standardization, allowing the calculation of proportions using the standard normal distribution. The standard normal distribution has a mean of 0 and a standard deviation of 1, always centered at 0 with intervals increasing by 1. Each number on the horizontal axis corresponds to a z-score, indicating the number of standard deviations an observation is from the mean. Z-scores help calculate the associated area, which can be found using a z-table.