|Normal probability distribution|
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Definition of Normal probability distribution
Normal probability distribution
A probability distribution for a continuous random variable that is forms a
A random variable that has a normal probability distribution.
Part of the return that is not due to systematic influences (market wide influences). In
The probability of not achieving a portfolio expected return.
a measure used in academic finance articles to measure the excess returns an investor would have received over a particular time period if he or she were invested in a particular stock.
Sum of the differences between the expected return on a stock and the
A function that shows the probability that the random variable will
A branch warehouse containing finished goods and service
a cost incurred to warehouse, transport, or deliver a product or service
Inventory intended for shipment to customers, usually
Payments from fund or corporate cash flow. May include dividends from earnings, capital
The organization of data to show how often certain values or ranges of values occur.
A distribution where the logarithm of the variable follows a normal distribution.
the cost of spoiled work less the estimated disposal value of that work
The manner in which retirement benefits are paid out.
Holds that the futures price will be bid down to a level below the expected
Normal (bell-shaped) distribution
In statistics, a theoretical frequency
the long-run (5–10 years) average production
normal cost system
a valuation method that uses actual
Related: standardized value
an expected decline in units during the production process
A customized benchmark that includes all the securities from which a manager normally
spoilage that has been planned or foreseen; is a product cost
The practice of making a charge in the income account equivalent to the tax savings
The relative likelihood of a particular outcome among all possible outcomes.
Probability density function
The probability function for a continuous random variable.
Also called a probability function, a function that describes all the values that the random variable can
A list of all possible outcomes and the chance of each outcome
a range of possible values for which each value has an assigned likelihood of occurrence
A function that assigns a probability to each and every possible outcome.
probability distribution in which an unequal number of observations lie below and
Spoilage arising from the production process that exceeds the normal
The amount of spoilage that naturally arises as part of a production
Standardized normal distribution
A normal distribution with a mean of 0 and a standard deviation of 1.
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