Examlex
Explain what a "fair value" and "cash flow" hedge is and how each is accounted for under IFRS.
Normally Distributed Random Variable
A variable that follows a normal distribution, characterized by its bell-shaped curve, where its mean, median, and mode coincide.
Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.
Standard Normal Random Variable
A special case of the normal distribution with a mean of zero and a standard deviation of one.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
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