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This video tutorial covers z-scores and standardization, explaining 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, always centered at 0 with intervals increasing by 1. Each number on the horizontal axis corresponds to a z-score, indicating how many standard deviations an observation is from the mean. Z-scores help calculate the area associated with a specific value, allowing for precise calculations using the standard normal distribution.