I’ll be attempting to answer the question, is the standard deviation 1 for normal distribution.
Is the standard deviation 1 for normal distribution?
It’s an odd way to form the question, but the most useful facts that you can use to apply for an answer is that standard deviation is equal to 1. That, and the value of standard normal distribution is equal to 0.
What is a normal distribution?
The normal’s the data shape that applies to it’s mean value, and with it, the width of the curve’s defined by the standard deviation.
What is standard deviation?
Standard deviation is known as the measure of the amount of variety that a set of values has.
The way to make a random variable in X (standard)
The method to carry this out is to subtract it’s mean, and divide by it’s standard deviation.
I’m iffy on my finance lessons, but I wanted to provide as many facts that could help answer the question.
Let’s recap on the basics, to ensure we learned something.
- Knowledge of standard deviation
- Knowing normal distribution
- The way to turn a random variable in X standard
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