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This video teaches about z-scores and standardization, focusing on how to calculate exact proportions using the standard normal distribution. The standard normal distribution has a mean of 0 and a standard deviation of 1, with intervals increasing by 1. Each number on the horizontal axis corresponds to a z-score, indicating the number of standard deviations from the mean. Z-scores help calculate the area associated with specific observations, allowing for precise calculations using a z-score.