Normal Distribution

Posted in Finance, Accounting and Economics Terms, Total Reads: 1271
Advertisements

Definition: Normal Distribution

It is a probability distribution that plots all its value in a symmetrical pattern such that it forms a bell shape curve. The bell shaped curve has a concentrated center around the probability mean and then decreases on both sides.

It is the most common type of distribution curve and is often Gaussian distribution as well. It is symmetric about the mean and its mean, median and mode all coincide.

Normal Curve

 



Looking for Similar Definitions & Concepts, Search Business Concepts