Discover normal distribution—a critical concept in finance—and its key properties, formula, and real-world applications. Learn how it impacts financial decision-making.

This distribution of data points is called the normal or bell curve distribution. For example, in a group of 100 individuals, 10 may be below 5 feet tall, 65 may stand between 5 and 5.5 feet and ...

In case you need to jog your memory however, a standard normal distribution, which is a normal distribution with the average at 0 and standard deviation as 1, is shown below. The term ‘bell curve’ ...

Victor Chew, Confidence, Prediction, and Tolerance Regions for the Multivariate Normal Distribution, Journal of the American Statistical Association, Vol. 61, No. 315 (Sep., 1966), pp. 605-617 Free ...