Financial markets—specifically derivatives—contain information about the range of probable future short-term interest rates.

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Key Points Non-normal data is data that does not fall within a normal distribution. You can utilize techniques like the Box-Cox method to get the data within normality. Understanding how to use ...

I know of scarcely anything so apt to impress the imagination as the wonderful form of cosmic order expressed by the ‘Law of Frequency of Error’,” the British polymath Francis Galton wrote in 1889.

Key Takeaways A bell curve is a graph depicting the normal distribution, which has a shape reminiscent of a bell. The top of the curve shows the mean, mode, and median of the data collected.

The normal curve appears in many aspects of daily life. For example, heights of people, IQ scores, and even errors in measurements follow a normal distribution.

Normal (Bell Curve) Distribution Data sets (like the height of 100 humans, marks obtained by 45 pupils in a class, etc.) tend to have many values at the same data point or within the same range.