Normal Distribution

Definition

A normal distribution is a symmetric bell-shaped probability distribution characterized by its mean and standard deviation. It follows a specific mathematical formula called Gaussian distribution.

Related terms

Standard Deviation: A measure of how spread out or dispersed data points are from the mean in a distribution.

Z-Score: A standardized value that represents how many standard deviations an individual data point is away from the mean in a normal distribution.

Central Limit Theorem: States that when independent random variables are added together, their sum tends to follow a normal distribution, regardless of the shape of their original distributions.