I'm trying to reproduce the following diagram in TikZ and pgfplots.

My MWE with regenerated graph is below:
\documentclass{standalone}
\usepackage{pgfplots}
\begin{document}
\pgfmathdeclarefunction{gauss}{2}{%
\pgfmathparse{1/(#2*sqrt(2*pi))*exp(-((x-#1)^2)/(2*#2^2))}%
}
\begin{tikzpicture}
\begin{axis}[
no markers,
domain=0:6,
samples=100,
axis lines*=left,
xlabel=$x$,
every axis y label/.style={at=(current axis.above origin),anchor=south},
every axis x label/.style={at=(current axis.right of origin),anchor=west},
height=5cm,
width=12cm,
xtick=\empty,
ytick=\empty,
enlargelimits=false,
clip=false,
axis on top,
grid = major
]
\addplot [very thick,cyan!50!black] {gauss(3, 1)};
\draw [yshift=1.4cm, latex-latex](axis cs:2, 0) -- node [fill=white] {$0.683$} (axis cs:4, 0);
\draw [yshift=0.3cm, latex-latex](axis cs:1, 0) -- node [fill=white] {$0.954$} (axis cs:5, 0);
\end{axis}
\node[below] at (1, 0) {$\mu - 2\sigma$};
\node[below] at (2, 0) {$\mu - \sigma$};
\node[below] at (3, 0) {$\mu$};
\end{tikzpicture}
\end{document}

Issues
- Nodes are not properly placed.
- How to remove y-axis?
- How to draw vertical dotted line?
Any help will be highly appreciated. Thanks

axisenvironment and use theaxis cs:coordinate system (as you did for the horizontal lines). – Qrrbrbirlbel Feb 26 '13 at 16:20