Final answer:
The incorrect statement about the normal probability distribution is that '99.72% of the time the random variable assumes a value within plus or minus 1 standard deviation of its mean', while the empirical rule states approximately 68% of data falls within one standard deviation of the mean.
Step-by-step explanation:
The question pertains to characteristics of the normal probability distribution. Among the given statements, the one that is not characteristic of the normal distribution is that '99.72% of the time the random variable assumes a value within plus or minus 1 standard deviation of its mean'. This is incorrect because according to the empirical rule (or the 68-95-99.7 rule), approximately 68% of the data falls within one standard deviation of the mean, 95% within two standard deviations, and 99.7% within three standard deviations in a normal distribution.
The key characteristics of a normal distribution are that it is symmetric about the mean, the total area under the curve equals to 1, and the mean, median, and mode are all equal. It also never touches the x-axis, maintaining an asymptotic relationship with it.