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There is the normal probability density function (pdf) which is given in the attached link. The normal probability cumulative distribution function (cdf) is used to calculate probabilities, and there is no closed form equation for this. Many statistical programs have the cdf built in. Some references are given at the end of the link to find approximate cdf. The cdf, is usually written F(x) and the pdf f(x). F(x) is the integral of f(x) from minus infinity to x.
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Distinguish between binomial distribution and normal distribution?
Normal distribution is the continuous probability distribution defined by the probability density function. While the binomial distribution is discrete.
Another name for the Normal Distribution?
Gaussian distribution. Some people refer to the normal distribution as a "bell shaped" curve, but this should be avoided, as there are other bell shaped symmetrical curves which are not normal distributions.
What is Jamaican standard of living?
normal
What is the formula for evaluating a business' goodwill?
Goodwill (by Average profit Method) = Average profit X No.of years purchaseGoodwill(by Super profit method) Normal profit = Average capital employed X Normal rate of return / 100Super profit = Actual profit- Normal profitGoodwill = Super profit x Number of years purchase (usually specified in question)
Define process costing its types features applications?
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost
