Examlex
Materiality is primarily a quantitative calculation.
Mean
The average value of a set of numbers, calculated by dividing the sum of all values by the number of values.
Normal Distribution
An equal-probability distribution around the mean, which shows that instances near the mean happen more frequently than instances far from the mean.
Normal Probability Distribution
A bell-shaped distribution that is symmetric about the mean, showing how random variables are distributed.
Continuous Probability Distribution
A probability distribution that assigns probabilities to a continuum of possible outcomes, often described by a probability density function.
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